Citi Investor Services Wins $380 Billion Aegon AM Deal
By Connor Hart
Citi Investor Services has been awarded a full middle-office mandate by Aegon Asset Management, covering $380 billion in assets.
Citi said Thursday it will now actively manage the operational data behind Aegon AM's trading, including its full Investment Book of Record services, trade management and settlement and performance measurement via BlackRock's Aladdin platform. The bank previously provided custody, depositary, collateral, fund accounting, administration and transfer agency services.
The deal marks a significant milestone in Citi's growing presence as an integrated service provider on BlackRock's Aladdin investment platform, the bank said. As part of the deal, Aegon AM's operations staff in Budapest, Hungary, have joined Citi Investor Services.
"This mandate significantly expands our relationship with Aegon AM and exemplifies our strategy to accelerate growth with asset managers globally by providing world-class middle office services and technology," said Mike Hughes, Head of Fund Services at Citi Investor Services.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 13, 2026 06:52 ET (10:52 GMT)
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