Citi Earns Top Ratings for Private Equity and Hedge Fund Administration in Asia Pacific
November 5, 2012 – Citi was ranked as Top Rated in Asia Pacific by respondents in both the 2012 Private Equity Fund Administration survey and the 2012 Hedge Fund Administration survey conducted by Global Custodian.
Among the ten administrators rated in the sixth annual Private Equity Fund Administration survey, Citi was ranked number one in Asia Pacific and received the highest amount of Best-in-Class commendations for the region, earning ten awards. In addition to Citi’s success in Asia Pacific, solid results were received globally with Citi earning six Top Rated rankings – more than any other fund administrator – and 60 Best-in-Class awards in total. Citi was also the only provider to be Top Rated both globally and across Asia Pacific and North America. The results were based on a total of 246 authenticated responses which Global Custodian used to evaluate the perceptions of private equity firms on the quality of the services provided to them by third-party administrators.
In the Hedge Fund Administration survey, now in its 17th year, Citi stood out amongst the 35 rated providers to be one of only five to qualify for a Top Rated ranking in Asia Pacific. Citi received nine Best-in-Class commendations for the region and was also awarded the Top Rated ranking for Hong Kong and a Commended ranking for Singapore. Additionally, Citi was ranked globally as Top Rated in the Leading Clients category, which Global Custodian considers their “sternest and truest test of the capabilities of a hedge fund administrator.”
“We are extremely pleased with our Top Rated status in both of these telling client surveys,” said David Russell, Regional Head, Securities and Fund Services for Citi Transaction Services in Asia Pacific. “These awards reflect our commitment to growing our alternative fund administration business and we are grateful to learn that clients not only recognize our global capabilities and experience but the innovative solutions we deliver for the region.”
With over $445 billion of alternative assets under administration, Citi is a leading provider of investment services that help alternative managers ease operational and administrative burdens. Citi’s full suite of solutions delivered through Citi OpenInvestorSM lets managers focus on building relationships and growing their business.
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 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. For more information, please visit openinvestor.transactionservices.citi.com.
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.
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About Citi Transaction Services
Citi 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 third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody.