Global Transaction Services, a business unit of Citigroup Corporate and Investment Banking, today announced that it has been selected by Chou Associates Management Inc. to provide a comprehensive suite of global custody, fund valuation and recordkeeping services for the Canadian fund manager.

This appointment marks the first client for Citigroup’s recently launched global “window” in Canada.

“Following our rigorous review of service providers, we selected Citigroup because it can provide exactly what we in the Canadian marketplace are seeking: a full-services suite of global custody, fund valuation and recordkeeping,” says Francis Chou, CEO and Portfolio Manager, Chou Associates Management Inc.

Chou Associates Management Inc. manages a family of five mutual funds with over $1 billion assets under management.


Citigroup has been providing domestic custody services in Canada since 1989, with assets under custody currently totaling $49 billion. With the opening of the global window, Citigroup can offer Canadian asset managers direct and immediate access to its resources worldwide. Citigroup provides global custody services in 81 countries, enabled by the market’s largest proprietary network.