Citi’s Global Transaction Services has introduced a portfolio of custody services in the US, specifically for private equity funds. These services leverage Citi’s experience as a custodian and its footprint in the private equity fund accounting and administration space.
“These private equity custody services align perfectly with our overall strategy of developing and delivering the full range of accounting, administrative, and custody solutions,” said Chandresh Iyer, global head of custody and investment services, Citi. “They demonstrate that, among the comprehensive services we provide, we closely monitor the regulatory environment and quickly create innovative offerings that benefit our clients.”
Citi’s portfolio of value-added custody services for private equity funds include:
- Safekeeping of private equity documents.
- Robust reporting tools via the bank’s proprietary internet portal CitiDirect for Securities.
- Statement fulfillment to investors and interested parties.
- Operational integration with Citi Fund Administration Services.
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