Citi Wins Mandate to Provide Fund Administration and Global Custody for Portland Investment Counsel Inc. Funds

Citi Wins Mandate to Provide Fund Administration and Global Custody for 
Portland Investment Counsel Inc. Funds 
NYSE symbol: C 
TORONTO, Jan. 14, 2013 /CNW/ - Citi has been awarded a mandate to provide fund 
accounting, global custody, transfer agency and trustee services for Portland 
Investment Counsel Inc.'s investment funds. 
"Having worked with Citi in the past, we feel the company has a proven 
reputation in the marketplace as a leading provider in this space. We look 
forward to the benefits this relationship will bring to our clients and our 
business," said Frank Laferriere, Senior Vice President, Chief Operating 
Officer of Portland Investment Counsel Inc. 
Through Citi OpenInvestor, Citi is a leading global service provider to the 
fund industry with over $1.5 trillion in assets under administration. Citi 
offers fund accounting, fund administration, transfer agency, compliance, 
regulatory support, alternative investment services and a full suite of asset 
manager outsourcing solutions. As a premier global custodian, Citi delivers 
coverage for 98% of the world's market capitalization. With Citi's unique 
proprietary local branch network, clients have a single platform to directly 
access local experts, respond faster to market events and enhance risk 
management capabilities. 
"Citi offers its clients a boutique-level service supported by an 
industrial-strength infrastructure," said Gurmeet Singh Ahluwalia, Securities 
and Fund Services Head for Citi Transaction Services in Canada. "We are 
pleased to be chosen by Portland to help them service their growing business 
by putting our market-tested servicing and systems to work for them. This 
mandate allows Portland to focus on building relationships, creating new 
products and growing its clientele." 
Citi OpenInvestor 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 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 openinvestor.transactionservices.citi.com. 
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 over $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 
www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: 
http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: 
www.linkedin.com/company/citi 
About Portland Investment Counsel Inc.
With roots dating back to 1986, Portland Investment Counsel Inc. is an 
Investment Fund Manager and Portfolio Manager with a reputation for being 
Owners and Operators thus insightful Investors. We service retail investors, 
high net worth investors and institutions via Portland mutual funds, closed 
end funds, as well as alternative and private investments. We firmly believe 
that, if the needs of institutional and retail investors are the same, the 
asset mix should also be the same. This means utilizing a mix of public and 
private investment solutions, of which Portland is uniquely positioned to 
offer the best in these categories. Portland's mission is to democratize 
private investing for retail investors as mutual funds have done for stocks 
and bonds. www.portlandic.com 
Troy Underhill Public Affairs, Citi Canada (416) 947-5687 
Geri DeWeerd Vice President, Administration Portland Investment Counsel Inc. 
1-888-710-4242 
SOURCE: Citi 
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http://www.newswire.ca/en/releases/archive/January2013/14/c5629.html 
CO: Citi
ST: Ontario
NI: FIN ORDER FIN  
-0- Jan/14/2013 14:45 GMT
 
 
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