Citi has been named Latin America Fund Administrator of the Year
by Custody
Risk. Celebrating outstanding achievements across the Americas, Custody
Risk’s Americas Awards recognized Citi’s extensive experience in
addressing the specific challenges of global investors and its ability
to tap the intellectual capital of Citi’s local network, to help clients
deepen their insight, extend their reach and expand their business.
With over US$630 billion in assets under custody in Latin America and
more than seventy thousand employees, Citi has been a leading provider
of custody services in the region for over two decades and is a leader
in Fund Administration. Through offices in 23 countries Citi provides a
full suite of administration and custody services to Hedge Funds,
Private Equity, Securitization and Real State funds across Latin
America. Citi's achievements include being ranked # 1 in Private Equity
Fund Administration services by the Comissão de Valores Mobiliários
(CVM), Brazil’s securities regulator, and being the first provider of
ETF services in Mexico, Brazil and Colombia.
Fernando Iraola, Citi Transaction Services Latin America and Mexico
Region head, said: “We are proud to have won this award, a valuable
recognition of the investment in innovation that Citi carries out in
Latin America and across the world. With Citi, clients are continuously
benefiting from our global capabilities, enabling growth, reducing
costs, and assisting them in maintaining a robust control environment.”
“These awards are a testament to the outstanding work that Citi has
undertaken over the course of more than a century in Latin America. We
continue to place significant emphasis on developing long-term
relationships with a diverse portfolio of clients. Innovation is one of
our distinctive features, which has proven extremely valuable in helping
our clients understand and meet the ever-changing needs of these rapidly
evolving markets,” said Alejandro Berney, Citi’s Transaction Services
Latin America & Mexico head for Securities and Fund Services.
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 US$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 US$377
billion in liability balances and US$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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