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Victory Capital Management Adds Custody to Contract with Citi

Dec 2, 2009

Victory Capital Management has extended its contract with Citi. Citi will continue to provide sub-administration and sub-fund accounting to Victory Capital Management and transfer agency support services to the Victory Funds, and will now serve as global custodian to the Victory Funds. Headquartered in Cleveland, Victory manages over USD45bn in investment portfolios, including the Victory Funds, a family of more than 20 mutual funds.

"Over the course of our association, we have developed an extraordinarily strong working relationship with Citi," said David Brown, chief operating officer of Victory Capital Management. "Citi has consistently provided us with fund solutions to match our specific needs, delivered with an excellent level of service, for the benefit of our firm and, more importantly, our funds' shareholders."