Citi Services Tuesday announced it has won a mandate to provide custodial and fund services to superannuation fund Hostplus in a five-year contract extension. Citi ( C ) was the incumbent party in a competitive tender process. The retention of the mandate builds on Citi's existing 13-year partnership with Hostplus. Hostplus is one of the largest superannuation funds in Australia, with over 1.9 mil...
Citi Services Tuesday announced it has won a mandate to provide custodial and fund services to superannuation fund Hostplus in a five-year contract extension. Citi ( C ) was the incumbent party in a competitive tender process. The retention of the mandate builds on Citi's existing 13-year partnership with Hostplus. Hostplus is one of the largest superannuation funds in Australia, with over 1.9 million members, more than 320,000 employers, and over $150 billion in funds under management. Over their 13-year partnership, Citi has worked closely with Hostplus as it has scaled and grown in complexity; supporting their increased investment requirements, regulatory obligations, and operational efficiency. More on Citigroup Wall Street Roundup: Good News, Earnings News Citigroup: Still Cheap Following Its Q1 2026 Earnings Citigroup Inc. (C) Q1 2026 Earnings Call Transcript Earnings Scoreboard: 20 of 21 financials beat earnings; revenue mixed Earnings Scoreboard: 85% of S&P 500 early reporters beat EPS estimates as Y/Y growth hits 25 firms
Governments across Southeast Asia have been banking on work-from-home arrangements for civil servants to ease the sting of soaring energy costs triggered by the Iran war, but analysts say the maths is messier than it may first appear. Indonesia estimates its Friday work-from-home policy, introduced on April 1, will save around 6.2 trillion rupiah (US$361.5 million) in state fuel subsidies and near...
Governments across Southeast Asia have been banking on work-from-home arrangements for civil servants to ease the sting of soaring energy costs triggered by the Iran war, but analysts say the maths is messier than it may first appear. Indonesia estimates its Friday work-from-home policy, introduced on April 1, will save around 6.2 trillion rupiah (US$361.5 million) in state fuel subsidies and nearly 10 times that amount in total consumption. The Philippines has similarly introduced a four-day...