IN BRIEF: Citi wins USD380 billion middle office mandate from Aegon

13. Aug 2026

(AWP Alliance News) - Citigroup Inc - New York-based investment bank and financial services company - Citi Investor Services has been awarded a full middle office mandate by Aegon AM for USD380 billion in assets under management. The agreement extends Citi's long-term agreement with Aegon, the Amsterdam-based investment management firm. Citi will expand its offering to Aegon to include investment book of record services, trade management and settlement and performance measurement through BlackRock Inc's Aladdin Accounting platform. "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," says Mike Hughes, head of Fund Services at Citi Investor Services.

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By John Robaina, Alliance News reporter

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