CITI


© JLG Enterprises 1998-2009

Mandates People Deals Outsourcing Headlines

 

Mandates

CLIENT LOCATION SERVICES LOCAL CURRENCY VALUE (millions)
2008      
Old Mutual Capital Ireland FS N/D
Fortelus Capital Management UK HF N/D
Erste Group Bank US TE, TP, SC N/D
CMTF Asset Management Ltd Hong Kong IT N/A
Galaxy Asset Management (HK) Ltd Hong Kong IT N/A
Montana Board of Investments US IT N/A
Aberdeen Asset Management US FS N/A
2007      
Eksportfinans Norway GC USD12,000
Harding, Loevner Management US MA USD1,200
Fonds de Compensation de la Sécurité Sociale Luxembourg GC, FA N/A
Mirae Asset Luxembourg GC, FA, TA N/A
Fair Capital Hong Kong HF N/A
Nexum Luxembourg GC, FA, TA, CO, PB N/A
National Bank of Kazakhstan Kazakhstan GC, SL USD5,000
AIC/Copernican Capital CAN FA N/A
Chou Associates Management CAN GC, FA CAD1,000
2006      
Pacific Income Advisers US MA USD2,500
Dimensional Fund Advisors US IO USD100,000
Legal & General Investment Management IRE IA N/A
AEGON The Netherlands NL GC, FA, PA, TM, CO EUR40,000
National Council for Social Security Fund CHI GC N/A
Prudential ASIA GC, FA, SL N/A
2005      
arsago DE DB N/A
Vontobel Asset Management US IO N/A
Man Investments UK GC USD7,800
Janus Capital Group US MA N/A
Lothian Pension Fund UK GC, SL GBP2,000
Winterthur Life UK UK GC, FA N/A
2004      
Standard Life Investments UK   GBP60,000
2003      
Colonial First State AUS   US$45,000
FHLBank System US   US$300,000
Korea Securities Depository KOR   N/A
Standard Life Investments UK   N/A
2002      
AXA Investment Managers LUX   EUR2,800
Pioneer Global Asset Management LUX   US$30,000
Britannic UK   US$13,000
2001      
INVESCO UK   GBP5,000
2000      
Credit Suisse Asset Management UK   GBP1,300
DG Bank UK   GBP1,500
Robeco NETH   EUR35,000
Prudential Assurance MAL   N/A
Gartmore LUX   N/A
1999      
Fidelity Investments US   USD35,000

People

  DATE FROM JOB TITLE LOCATION
Michael Coyne September 2008 N/A VP, business development, hedge fund services US
Bob Sisti September 2008 BNY Mellon Head of operations, hedge fund services US
Satvinder Singh February 2008 HSBC Head of EMEA direct custody and clearing UK
Julie Monaco July 2007 JPMorgan Head of global transaction services, North America US
Lawrence Komo September 06 UOB Head of securities finance, Asia Pacific Singapore
Benedict Ler September 06 RHB Securities Malaysia country manager Malaysia
Rudy Ingkiriwang September 06 Standard Chartered Asia Pacific network manager Singapore
Erwin Reyes April 06 DCE Consultants Head of GTS Netherlands
Ken Back October 05 ISIS Asset Management Director, EMEA strategic solutions UK
Neil Coxhead October 05 BNY RM, UK managed funds UK
Cathal O'Daly October 05 Northern Trust Client management Ireland
Samuel Lau September 02 Bank of New York Regional sales & account manager, intermediaries in Asia Asia
Alfred Frei April 02 Pictet Regional market manager, North Central Europe Switzerland
Teresa McGonagle February 02 PwC Head of product management, global investor business US
Mike Hiard August 01 Franklin, Williams & Foy  Head of global securities lending UK
Richard Ernesti August 01 Deutsche Bank Head of securities services, Asia Pacific HK
Thierry Misson June 01 BNP Paribas  Regional market manager, NW Europe France
Tom Abraham April 01 Deutsche Bank Head of advisory services group UK
David Hunt April 01 State Street Senior product manager UK
Susan Ebenston April 01 State Street Product management UK
Stephen Solomon December 00 Chase VP, global clearing UK
Linda Kearney July 00 Northern Trust European product mgr., sec. lending UK
Francis Jackson July 99 Deutsche Bank Head, global custody product mgt UK

Deals

DATE COUNTERPARTIES DEAL PRICE
DEC 08 Citi Bravura Sale of Citi's Warsaw-based TA platform USD21m
MAY 07 Citigroup BISYS Acquisition of BISYS Investment Services USD800m
JUL 05 Citigroup AGF Acquisition of Unisen from AGF N/A
OCT 04 Citigroup ABN AMRO Acquisition of ABN AMRO's direct custody, securities clearing and fund services businesses N/D
NOV 03 Citigroup Forum Financial Acquisition of Forum N/D
AUG 01 Citigroup Nikko Securities Acquisition of 50% of Nikko Trust & Banking Corp. to form NikkoCiti Trust & Banking N/D
APR 01 TOWER Trust Citibank Marketing alliance for sale of custody and admin services in New Zealand N/D
JAN 01 Citibank Monte Titoli Acquisition of 1.65% stake in Monte Titoli N/D
DEC 99 Citigroup State Street Formation of joint venture, CitiStreet, to deliver pensions and employee servicing products N/D

Outsourcing

CLIENT DATE LOCATION SERVICES
AIC/Copernican Capital 2007 Canada Fund accounting
AEGON 2006 Netherlands

Investment operations

Dimensional Fund Advisors

2006 US Middle-office operations

Winterthur Life UK

2005 UK Fund accounting and administration
AEGON Asset Management UK 2005 UK Investment operations
Vontobel Asset Management 2005 US

Managed accounts administration

Standard Life Investments 2003 UK Institutional investment operations

Headlines

2008

17DEC08: Citi sells Warsaw transfer agency platform to Bravura

15DEC08: Patric Foley-Brickley leaves Citi

11DEC08: Citi wins UCITS servicing mandate from Old Mutual

04NOV08: Citi appointed by Fortelus to administer distressed debt fund

29SEP08: Citi shakes up FI sales team

19SEP08: Citi wins US mandate from Erste Group Bank

15SEP08: Citi's Alan Cameron to take senior client role at BNP Paribas

05SEP08: Citi adds two managers to hedge fund services team

12AUG08: Lee Waite replaces Andrew Gelb as Citi's global head of intermediary services

01AUG08: Citi launches consolidated account structure for Euronext markets

01AUG08: Citi enhances online SMA services

09JUL08: Citi adds more clients to OpenPrime platform

26JUN08: Steve Bowman to leave Citi

04JUN08: Citi wins Aberdeen's US fund administration mandate

25APR08: BNY Mellon adds two managers to securities lending team

22APR08: Andrew Gelb appointed to lead Citi's EMEA securities and fund services business

12FEB08: Citi hires Satvinder Singh from HSBC to run EMEA clearing and sub-custody services

30JAN08: Citi launches custody services in Kazakhstan

2007

19DEC07: Citi wins USD12bn mandate from Norway's Eksportfinans

13DEC07: Citi wins more business from Banco Popolare

11DEC07: Citi to provide international settlements for Romanian CSD

04DEC07: Andrew Smith appointed head of Citi's North American business

28NOV07: Citi launches direct clearing and custody in Morocco

02NOV07: Diana Chan leaves Citi to take up CEO role with EuroCCP

31OCT07: Citi strikes first Israeli sec lending deal

30OCT07: Citi strengthens Middle East management team

19OCT07: Citi wins USD1.2bn SMA mandate from Harding, Loevner

16OCT07: Citi implements fund administration solution for Luxembourg public pension plan

13AUG07: Citi announces new organisational structure for funds business

13AUG07: Naveed Sultan appointed as head of Citi's EMEA global transaction services business

10AUG07: Citi wins Mirae UCITS III funds admin contract

08AUG07: Citi reorganises EMEA sales team

03AUG07: Citi completes BISYS acquisition

12JUL07: Citi wins Hong Kong client for OpenPrime service

04JUL07: Citi changes management line-up in EMEA

03JUL07: Citi makes senior appointments in global transaction services business

29JUN07: Citi wins integrated hedge fund servicing mandate from Nexum

09MAY07: Ernesti takes new role at Citi as head of prime brokerage client management

02MAY07: Citi agrees to buy fund services units of BISYS

01MAY07: National Bank of Kazakhstan adds Citi to global custodian panel

19APR07: Hanratty promoted to run Citi's EMEA funds business

19APR07: Turquoise chooses EuroCCP and Citi for clearing and settlement services

27MAR07: Paul Galant to replace Alemany at Citigroup

23MAR07: Ellen Alemany quits Citigroup to become CEO of RBS America

23MAR07: Citigroup wins AIC fund accounting mandate in Canada

19MAR07: Steve Lane joins Mellon from Citigroup

13MAR07: Citi launches integrated hedge fund services group

14FEB07: Tom Abraham quits Citi to become CEO of DSTi

19JAN07: Citigroup makes custody breakthrough in Canada

2006

23NOV06: Citigroup wins Prudential mandate in Asia

22NOV06: HSBC tops R&M 2006 UK trustee and depositary survey, whilst Citi wins in Dublin

03NOV06: Citigroup expands clearing and custody network to Cyprus

18OCT06: Citi confirmed as co-custodian for China's National Social Security Fund

11OCT06: Citi offers direct clearing and custody in Sweden

28SEP06: Citi to offer custody and clearing in Israel

18SEP06: Mark Kelley leaves Citigroup to take up senior role with JPMorgan

13SEP06: Citigroup launches alternatives administration service in Asia

06SEP06: Citi strengthens Asia Pacific team

04SEP06: Citi strikes EUR40bn outsourcing deal with AEGON Netherlands

21AUG06: Clive Triance to head Citi's securities and funds services unit for EMEA

09AUG06: Dave Phillips to move to global role with Citi in New York

03AUG06: Citi launches 'multi-prime' platform for hedge funds

08JUN06: Citigroup launches pensions pooling vehicle for L&G

18MAY06: Kelley quits as head of Citi's EMEA securities and fund services unit

26APR06: Dimensional outsources middle office to Citi

18APR06: Reyes to head Citi's GTS business in the Netherlands

06MAR06: Citi to provide custody and clearing services in Vietnam

28FEB06: Citi strikes first securities lending deal in Taiwan

27FEB06: Citi launches HK securities exchange clearing service

07FEB06: Citi wins PIA fixed income SMA mandate

30JAN06: Alemany replaces Bisginano as head of Citi's transaction services business

04JAN06: Citi tops R&M UK trustee survey, as Mellon wins in Dublin

2005

14DEC05: Citigroup completes transfer of AEGON staff

01DEC05: Bisignano quits Citi to join JPMorgan Chase

15NOV05: Citi wins Winterthur UK fund admin mandate

07NOV05: Citi wins Lothian pension fund from BNY

28OCT05: Coxhead joins Citi from BNY

28OCT05: Back confirmed at Citi

20OCT05: Citi wins Janus SMA mandate

18OCT05: Binney retires from Citi

17OCT05: Raif quits Citi to join BNP Paribas in Frankfurt

17OCT05: Citi wins first Malaysian clearing outsourcing mandate

04OCT05: Citi hires O'Daly from Northern

29SEP05: Citi, BarCap and Clearstream strike first quad-party deal

29SEP05: Turner takes product management role at Paribas

12JUL05: Citi makes big move in Canada

11JUL05: Donovan wins top securities post at SWIFT

28JUN05: Citi offers third-party clearing in Australia

17JUN05: Citi sets up client service shop in Breda

10JUN05: Citi appointed by Man Investments for fund of hedge funds

09MAY05: Citi launches hedge fund reporting platform

12APR05: Vontobel appoints Citi for SMA support

08MAR05: AEGON goes exclusive with Citi on outsourcing

02FEB05: Bernstein retires from Citi

19JAN05: Citigroup KAG supports hedge fund in Germany

13JAN05: Citi outsources retail securities processing in Germany