Citi Awarded Mandate from Franklin Templeton to Provide Trustee, Custody and Transfer Agent Services

  Citi Awarded Mandate from Franklin Templeton to Provide Trustee, Custody and
  Transfer Agent Services

Business Wire

HONG KONG & NEW YORK -- January 10, 2013

Citi was appointed by Franklin Templeton Investments (Asia) Limited (“Franklin
Templeton”) to provide trustee, custody and transfer agent services in support
of the launch of its inaugural Templeton China Opportunities Fund in Hong
Kong. Leveraging Citi’s breadth of product capabilities, global network and
knowledge on QFII, this new mandate extends an existing relationship for which
Citi currently provides fund services for Franklin Templeton’s MPF funds.

“We are honored to be selected by Franklin Templeton to support the launch of
their first A-Share Unit Trust, Templeton China Opportunities Fund, in Hong
Kong,” said David Russell, Regional Head, Asia Pacific, Securities and Fund
Services, Citi Transaction Services. “This new mandate further demonstrates
how global fund managers are employing locally manufactured funds tailor-made
for Asian markets and how Citi is well-positioned to support these
opportunities with our strong trust and fund administration capabilities, as
well as solid experiences on QFII.”

With over $1.5 trillion in assets under administration, Citi is a leading
global service provider to the global funds industry. Citi’s full suite of
investment service solutions delivered through Citi OpenInvestor^SM lets
managers focus on their core activities of managing assets and serving their

Citi OpenInvestor^SM is the investment services solution for today’s
diversified investor that combines specialized expertise, comprehensive
capabilities and the power of Citi’s global network to help clients meet
performance objectives across asset classes, strategies and geographies. Citi
OpenInvestor^SM provides institutional, alternative and wealth managers with
middle-office, fund services, custody, and investing and financing solutions
that are focused on their specific challenges and customized to their
individual needs. For more information, visit

Citi Transaction Services, a division of Citi’s Institutional Clients Group,
offers integrated cash management, trade, and securities and fund services to
multinational corporations, financial institutions and public sector
organizations around the world. With a network that spans more than 95
countries, Citi’s Transaction Services supports over 65,000 clients. As of the
third quarter of 2012, it held on average $415 billion in liability balances
and $12.8 trillion in assets under custody.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management. Additional information may be found at | Twitter: @Citi | YouTube: | Blog: | Facebook: | LinkedIn:


Hong Kong
Yvonne Chan, +852 2868 7682
New York
Nina Das, +1 212-816-9267
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