Citi Named Best Prime Broker for Consulting Services and Best Hedge Fund Administrator by HFMWeek
NEW YORK--(BUSINESS WIRE)-- Citi (C) received two coveted accolades at the 2012 HFMWeek Hedge Fund Services Awards. Citi Prime Finances US Business Advisory unit was named Best Prime Broker Consulting Services and Citis Hedge Fund Services unit was named Best Single Manager Hedge Fund Administrator.
These awards are a testament to the differentiated offerings we have across our advisory and consulting services, said Alan Pace, Global Head of Sales and Client Experience for Citi Prime Finance. Our highly talented team works closely with our clients at every stage of their development.
Citi Prime Finance provides capital raising, financing, comprehensive custody and consulting services to hedge funds across asset classes and geographies.
These awards reflect our commitment to growing our hedge fund administration business, said Mike Sleightholme, Global Head of Hedge Fund Services, Securities and Fund Services, Citi. Administration is just one of our comprehensive middle and back office offerings, and were pleased that our team has been rewarded for its hard work.
With over $445 billion of alternative assets under administration, Citi is a leading provider of investment services that help hedge fund managers ease operational and administrative burdens. Citis full suite of solutions delivered through Citi OpenInvestorSM lets hedge fund managers focus on building relationships and growing their business.
Citi OpenInvestor is the investment services solution for todays diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citis global network to help clients meet performance objectives across asset classes, strategies and geographies. Citi OpenInvestor provides institutional, alternative and wealth managers with middle-office, fund services, custody, and investing and financing solutions that are focused on their specific challenges and customized to their individual needs. For more information, visit openinvestor.transactionservices.citi.com
About Citi Transaction Services
Citi Transaction Services, a division of Citis Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citis Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Scott Helfman, +1 212-816-9241
Nina Das, +1 212-816-9267
Source: CitiCopyright Business Wire 2012