CitiStreet Ventures Down Under

January 8, 2002 ( - In its first expansion outside the US, CitiStreet plans to offer full services for retirement funds and their participants in Australia.

The Australian business, CitiStreet Australia Pty Limited, will offer Australian retirement funds administration solutions and a range of member services, including:

  • ongoing member communication, 
  • investment education, and
  • savings planning advice.

CitiStreet’s services use SunGard software and the OmniPlus administration platform, which will also act as the foundation for services offered in Australia.

In addition, CitiStreet Australia will acquire the back office administration business of the Australian unit of SunGard Employee Benefit Systems (SEBS).

CitiStreet Australia is scheduled to begin operations this month.