Citi Seizes Servicing Opportunity In Europe

Jan 13 2010 | 1:44am ET

Impending hedge fund regulation in Europe is already leading to an uptick in funds domiciled within the European Union. And Citigroup will be there to service them.

The Wall Street giant has unveiled an end-to-end servicing solution for EU-domiciled hedge funds. The new offering includes administration, custody, compliance, prime brokerage and back- and middle-office support, including secretarial services, distribution support and fiduciary services.

“Investors are now focused on governance, risk management, independent valuation and transparency of reporting," Andrew Gelb, head of securities and fund services in Europe, Middle East and Africa, said. "Hedge fund managers are increasingly offering Ucits and other EU domiciled fund structures to meet these needs as the industry continues to converge across the alternative and traditional fund sectors.”


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.