Leading wealth platform and provider of investment administration and managed account solutions, Mason Stevens Limited has today announced it has appointed Citi Securities Services to provide it with custody and integrated execution services.

This appointment comes at a significant time for Mason Stevens as it looks to expand its wealth platform offering to deliver premium wealth management solutions.

“Citi is thrilled to be partnering with Mason Stevens as they continue to develop their investment administration and managed account solutions,” said Mark England, Citi Australia and New Zealand Head of Securities Services.

“Citi has worked with Mason Stevens for several years across Global Markets execution and research services. By expanding our partnership to include securities services, we can help drive efficiencies and support growth by delivering an integrated set of solutions,” added Mr England.

Commenting on the appointment, Mason Stevens’ CEO and Executive Director Tim Yule said: “We recognise Citi’s experience and reputation as a global custodian, supporting our capability in accessing all major global markets. We already have an existing relationship and system connectivity with Citi for international listed securities and trust this partnership will help better serve our valued client base.”

“We are on a strong growth trajectory and are always looking to invest in new solutions to provide better investment outcomes for our clients. We are 100 per cent focused on what we do best and engaging partners, like Citi, to leverage their capabilities where we need to,” Mr Yule continued.

Citi Securities Services Australia has experienced significant expansion in recent years, particularly in the wealth platform and funds management sectors.

“With a great deal of experience, honed over the past couple of years, Citi’s ambition is to provide certainty for clients by ensuring the onboarding process is simple and efficient-a singular focus we know that clients demand. Once onboarded, clients have access to our full range of investor solutions, as well as exceptional client support and market-leading expertise,” said Mr England.

With approximately USD$26.2 trillion¹ of assets under custody, administration and trust worldwide, and a leading proprietary network spanning more than 60 markets, Citi Securities Services provides cross-border support for clients with extensive on­ the ground local market expertise, innovative post-trade technologies, customized data solutions, and a wide range of securities services solutions that can be tailored to meet clients’ needs.

1 As of 31 December 2022.