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Citi appointed as Depositary for Kames Capital UK Funds

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Citi has been appointed by Kames Capital to provide depositary services for its UK fund range, representing approximately GBP7 billion in assets.

Kames Capital is a UK-based investment management business that is part of Aegon Asset Management, managing GBP42.5 billion on behalf of UK and international clients, including pension funds, financial institutions, charities, wealth managers, family offices and individuals.
 
The mandate expands the existing strategic relationship between Aegon and Citi across a wide range of products and solutions including depositary services across Kames Capital’s Ireland and Netherlands fund ranges, as well as fund accounting, middle office, custody and agency securities lending services.
 
“We are delighted to have won this mandate from Kames Capital and further extend our relationship with such an important strategic partner,” says David Morrison (pictured), Global Head of Trustee & Depositary Services at Citi. “We value the trust they place in us, not only for depositary services, but also across the wide range of services used within our Prime, Futures and Securities Services franchise.”
 
Ross Bradley, Head of Investment Support Europe for Aegon Asset Management, notes: “The move to a single provider for depositary services is an important milestone for Kames Capital and our clients. It allows us to benefit from Citi’s leading platform and achieve greater consistency in our operating model while enhancing the investor experience across all of our EU funds.”

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