Citi UK Fiduciary Services, part of the Global Transaction Services business, has signed a new agreement with fund manager Standard Life Investments. The Edinburgh-based asset manager has appointed CIP as its principal trustee and depositary provider.

In September 2009, it was announced that Standard Life Investments had re-affirmed Citi as its principal fund administration and securities services provider with a new five year arrangement.

Andrew Gelb, head of securities and fund services, Europe, Middle East and Africa, Citi, said, "We are delighted by this further appointment by Standard Life and look forward to deepening our relationship with this prestigious company. They will have access to our best-in-class capabilities, service and innovation".