CITI NAMES STEVE PITKIN HEAD OF INVESTOR SERVICES FOR HEDGE FUND SERVICES
New York, NY - September 8, 2010 – Citi today announced that Steve Pitkin has been appointed Head of Investor Services for its Hedge Fund Services unit within Global Transaction Services.
Reporting into Mike Sleightholme, Global Head of Hedge Fund Services, Mr. Pitkin is responsible for providing leadership for Investor Services globally within the Hedge Fund Services business. His focus will be on enhancing Citi's Investor Services proposition, growing capabilities in key markets and developing Citi's operating model and technology to improve client and investor experience and Firm profitability and controls.
Mr. Pitkin joins Citi from Citco Fund Services, where for the past five years he was Global Head of Investor Relations. In that position, he managed a team of 550 professionals in 13 locations around the world, servicing more than 550 clients with over 2,600 funds.
Prior to that, he was Director of Operations at FrontPoint Partners LLC where he was responsible for the day-to-day operations of eight distinct trading strategies for the hedge fund. He spent 12 years at Morgan Stanley in several positions in Prime Brokerage and operations risk management in New York and London. He began his career as an analyst and internal auditor for Shawmut Bank of Boston and was also a supervisor of interest rate swap operations at Salomon Brothers.
Mr. Pitkin earned a Master of International Management degree from Thunderbird and a Bachelor of Arts in Economics & Business from Macalester College.
Through its Securities and Fund Services business, Citi's industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With over $11.32 trillion of assets under custody and the industry's largest proprietary network, clients can leverage Citi's local market expertise and global reach to extract value across the entire investment value chain.
Global 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 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the second quarter of 2010, it held on average $320 billion in liability balances and $11.3 trillion in assets under custody.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, 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 or www.citi.com.