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Adelante Appoints Citi to Provide Prime Brokerage and Hedge Fund Administration Services

London - April 17, 2012 – Citigroup today announced that it has been appointed by Adelante Asset Management, the emerging markets hedge fund manager based in the UK, to provide prime brokerage, fund accounting and transfer agency services for Adelante’s Cayman-domiciled Emerging Debt and Equities funds.

Chris Sherlock, Chief Operating Officer, Adelante said: "We see Citi as a partner able to provide Adelante with front to back support across the globe."

Sanjiv Sawhney, Global Head of Fund Services, Citi Transaction Services, added: "With a global footprint and a leading platform in emerging markets, Citi can leverage the breadth of its product offering among its Prime Finance and Securities and Fund Services divisions to assist emerging markets hedge fund managers and support their growth strategies across various asset classes and geographies. We are pleased to be appointed by Adelante to provide a comprehensive suite of hedge fund services and look forward to building on this relationship."

With offices in Hong Kong, London, New York, Singapore, Sydney, San Francisco and Tokyo, Citi is one of the world's leading providers of Prime Brokerage services, leveraging Citi’s global distribution network and worldwide relationships to provide consistent, high quality service and innovative solutions.

Citi OpenInvestorS 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. Citi provides complete investment services for institutional, alternative, and wealth managers, delivering middle office, fund services, custody, and investing and financing solutions focused on clients’ specific challenges and customized to their individual needs.

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About Citi
Citi, the leading global financial services company, 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.

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Citi Prime Finance
Citi Prime Finance is a comprehensive, integrated business unit comprised of prime brokerage, financing solutions and capital introductions — supported by cutting edge technology and advanced reporting. By leveraging and enhancing Citi’s corporate strengths in over 100 markets globally, Prime Finance now serves clients in more than 70 countries — delivering 24-hour coverage through experienced industry professionals in London, New York, San Francisco, Hong Kong, Tokyo, Sydney and Singapore.

About Citi Transaction Services
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 fourth quarter of 2011, it held on average $368 billion in liability balances and $12.5 trillion in assets under custody.