CITI STRENGTHENS ITS ALTERNATIVE INVESTMENT TEAM WITH MARION MULVEY AND GAVAN MCGUIRE
LONDON, DUBLIN - June 01, 2009 – Citi announced today that its Global Transaction Services business has appointed Marion Mulvey as the Head of Alternative Investment Administration Services for Europe, the Middle East and Africa (EMEA) and Gavan McGuire as the Director of Alternative Investment Services Sales for EMEA.
Citi offers alternative investment managers an end-to-end set, flexible alternative investment solutions - including fund administration, middle office solutions, custody and prime finance. These two appointments underscore Citi’s continued investment and commitment to the Alternative Investment business in EMEA.
With her new role as the Head of Alternative Investment Administration Services for EMEA, Marion will be responsible for the overall management of the business in EMEA and will report directly to Andrew Gelb, Head of Securities and Fund Services for EMEA and to Robert Wallace, Global Head of Fund Services. With over 18 years of experience in the financial services industry, 11 of which have been spent with Citi, Marion has progressed through various management positions prior to her new role. Most recently Marion was Head of Fund Accounting for Citi. She is a Fellow of the Irish Institute of Chartered Accountants, Marion will be based in Dublin.
Gavan returns to Citi as the Director of Alternative Investment Services Sales for EMEA and will be looking to grow the alternatives business across the region, reporting into Richard Ernesti, Global Head of Investor Services Client & Sales Management. Prior to joining Citi, Gavan acted as the Chief Financial Officer for Agilo, a distressed debt hedge fund. Ahead of this role, Gavan was the Vice President of Business Development for BISYS Hedge Fund Services, where he spent six years looking after sales and relationship management, which was later acquired by Citi in 2007. Gavan will be based in London.
Andrew Gelb, Head of Securities and Fund Services for EMEA, Citi, said, "Both Marion and Gavan are outstanding individuals with tremendous understanding and expertise in the alternative investment space. These appointments are demonstrative of Citi’s commitment to continue to strengthen our Alternative Investment business and provide our clients with the expertise and solutions to meet their needs".
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, 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, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.
About Citi Global Transaction Services
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 organisations 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 first quarter of 2009, it held on average $278 billion in liability balances and $10.3 trillion in assets under custody.