The Citi OpenInvestor Middle Office provides investment managers with daily operations, data management and technology solutions to optimise trade support and client management. It is designed to complete investment services for institutional, alternative and wealth managers through middle office, fund services, custody and investing and financing solutions focused on specific client needs.

The choice to go with Citi came after five weeks of negotiations. 

"Co-operation between our teams to create a direct link to Conning's US platform to support operations in Hong Kong enabled us to start trading immediately," commented Mark Konyn, chief executive of Cathay Conning Asset Management. 

Citi OpenInvestor is a product of Citi Transaction Services, which currently supports over 65,000 clients worldwide. As of the third quarter of 2012, the division held $415 in liability balances on average and some $12.8 trillion in assets under custody.