Citi Appoints Frederick Bailey to Lead Expanded Consultant Relations Team
New York, NY - June 4, 2012 – Citi has expanded its coverage of the investor servicing consultant community for asset managers with the appointment of Frederick Bailey as head of North America consultant relations. Fred joined Citi in 2011 and has over 30 years of experience in the institutional investment industry. Prior to joining Citi, Fred was the Global Head of Plan Sponsor Sales at BNY ConvergEx. The consultant relations team is responsible for coordinating and directing Citi’s relationships with a broad range of consulting firms that asset managers turn to for investment operations and servicing guidance.
Over the past several years, institutional, alternative and wealth managers have had to stay abreast of new regulatory requirements, and deal with increased investor demand for transparency and greater competitive pressures. It has been more important than ever for managers to incorporate the experience and guidance of consulting firms when making certain key business and servicing decisions.
"We recognize the significant role that consultants play in our industry," said Bob Wallace, North America Head of Securities and Fund Services, Citi. "Increasingly, our investor clients are turning to consultancy and advisory firms – in accounting, legal, compliance, research, and the like – as a means to gain a competitive advantage and make informed business decisions. Consultants are influential and valuable resources in helping to shape our clients’ business strategies, and therefore they are essential to us as well."
The North America group that Bailey now oversees is part of a global coverage team that includes consultant relations support for Europe, Middle East and Africa.
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.
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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