Citi Picks Citco’s Pitkin For Admin. Unit

Sep 9 2010 | 1:49am ET

Citigroup has hired a Citco Fund Services executive to head investor services for its hedge fund administration and custody business.

Steve Pitkin will focus on building Citi Global Transaction Services’ hedge fund services unit in key markets and on technology, the firm said. Pikin will report to Mike Sleightholme, global head of hedge fund services.

Pitkin joins from Citco, where he served as global head of investor relations for five years. Prior to joining Citco, he was director of operations at FrontPoint Partners and worked at Morgan Stanley’s prime brokerage division.

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 organizations around the world. The unit supports over 65,000 clients, and as of the second quarter of 2010, it held on average $320 billion in liability balances and $11.3 trillion in assets under custody. 


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