OREANDA-NEWS. June 02, 2011. ZAO Citibank and UralSib Management have announced the signing of a new agency agreement. Within its framework, Russian clients of  Citibank will be able to invest their assets into mutual funds of UralSib Management, reported the press-centre of Citibank.

Sergey Korotkov, Russia Retail Banking Business Head, says: "Citibank is always prudent when choosing its investment partners, focusing on firms with a solid track record, experience, and a strong and stable management team. UralSib Management is the oldest participant of the asset management market in Russia. Through this partnership, we continue to extend the range of investment solutions that we offer to our clients".

Alexander Pugach, General Director of UralSib Management, says: "Our agreement with Citibank, one of the global banking leaders, will enable us to offer Russian clients of the bank world class investment products. These are first successful steps in our joint project. I hope this partnership will be fruitful and mutually beneficial".

UralSib Management offers Citibank’s clients four open mutual investment funds: "URALSIB FUND First", "URALSIB FUND Professional", "URALSIB FUND Metals of Russia", and "URALSIB FUND Oil & Gas".

Mutual funds of UralSib Management will be available for Citibank’s clients in all branches of the bank in 8 Russian cities: Moscow, St. Petersburg, Volgograd, Yekaterinburg, Nizhny Novgorod, Rostov-on-Don, Samara, and Ufa.