Citi has been appointed to provide fund administration services to Man’s Umbrella SICAV, the Luxembourg fund business of Man Group. Services provided by Citi include custody, depositary bank, fund administration and transfer agency services.

“We are confident that the end-to end solution provided by Citi will bring the optimal level of efficiency and transparency to our investors,” said Simon White, global operations head at Man.

This is not the first collaboration between the two firms; Man appointed Citi to provide its global shareholder services in March 2011.