Citi has been appointed by Nexum to service its Luxembourg domiciled hedge fund. Citi will act as fund administrator, transfer agent and custodian while providing prime brokerage services and compliance monitoring. The solution is live and all assets have been migrated onto Citi’s common funds administration and custody platform in Luxembourg. Citi currently has US$42bn of alternative assets under administration and has recently announced the formation of Hedge Fund Services, a joint venture between Citi capital markets and transaction services to provide hedge fund clients with an integrated offering that includes financing, prime brokerage, consulting, administration services and operational support.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.