ATLANTA/JERSEY CITY, NJ (July 20, 2005) — CheckFree Investment Services, a division of CheckFree Corporation (Nasdaq: CKFR), announced today that it has reached an agreement with Citigroup Asset Manager Solutions, a division of Global Transaction Services, to provide operations services for investment managers.
"We are pleased to add Citigroup to our growing list of operations services providers capable of using our platform," said Alex Marasco, CheckFree Investment Services Executive Vice President and General Manager.
Andrew Clipper, Director, Asset Manager Solutions added, "We are fully staffed with operations personnel experienced with CheckFree and stand ready to service Investment Managers."
CheckFree APL provides remote processing services to sponsor firms, money managers and financial advisors for the automation of investment management, trading, portfolio performance and investor reporting.
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