Citi has been awarded a mandate from Guggenheim Investment Advisory, a
division of Guggenheim Partners, to provide a complete suite of services
including middle office, fund administration and custody for
Guggenheim’s hedge fund investment platform.
“We are pleased to be working with Citi because of their deep
understanding of our business and robust technology that offers us
customized end-to-end solutions to our unique middle office,
administration and custodial needs,” said Dina DiLorenzo, Managing
Director, Guggenheim Investment Advisory.
As investment managers worldwide launch new funds and accelerate the
growth of their business, Citi helps them extend and enhance their
operational capabilities so they can focus on making investment
decisions and raising assets. Citi’s service platform for alternative
managers provides administration, operations, technology and data
management capabilities to enhance and support an asset manager’s front
and middle office activities.
“We were able to leverage our hedge single manager and fund of funds
capabilities to create a service solution adapted to Guggenheim’s open
architecture model,” said Neeraj Sahai, Global Head, Securities and Fund
Services, Citi. “We look forward to continuing to support Guggenheim’s
ability to innovate and bring new products to market.”
Citi OpenInvestorSM is the investment services solution for
today’s diversified investor, combining specialized expertise,
comprehensive capabilities and the power of Citi’s global network to
help clients meet performance objectives across asset classes,
strategies, and geographies. With an on-the-ground presence in over 95
countries and over $13 trillion in assets under custody, Citi offers
award winning service and unmatched scale. Citi provides complete
investment services for institutional, alternative, and wealth managers
delivering middle office, fund services, custody, investing and
financing solutions focused on clients’ specific challenges, customized
to their individual needs.
Transaction Services, a division of Citi’s 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, Citi’s Transaction Services supports over 65,000
clients. As of the first quarter of 2012, it held on average $377
billion in liability balances and $13 trillion in assets under custody.
About Citi
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
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About Guggenheim Partners
Guggenheim Partners is a privately held global financial services firm
with more than $125 billion in assets under management. The firm
provides asset management, investment banking and capital markets
services, insurance, institutional finance and investment advisory
solutions to institutions, governments and agencies, corporations,
investment advisors, family offices and individuals. Guggenheim Partners
is headquartered in New York and Chicago and serves clients across North
America, Europe and Asia from more than 25 offices in 10 countries. For
more information about Guggenheim Partners, visit www.guggenheimpartners.com.
