Citigroup Announces launch of Middle-and Back-Office Processing Platform for Separately Managed Accounts
December 1, 2004, New York – Citigroup Global Transaction Services, a unit of Citigroup (NYSE:C), announced today the launch of an advanced set of services for asset managers looking to outsource the operations of their separately managed accounts (SMA). Available in early 2005, these services are part of a larger, integrated suite of Asset Manager Solutions designed to meet the middle- and back-office outsourcing requirements of an asset manager.
Drawing upon its vast experience as a leading SMA sponsor and asset manager, Citigroup has designed its service offering from the vantage point of an asset manager and has integrated technology that best suits the manager’s retail portfolio management and trading needs. By providing a modular solution that automates services ranging from portfolio manufacturing process to sponsor connectivity, asset managers can choose from an array of services depending upon their operational needs. Using this technology platform, Citigroup enables asset managers to deliver customization, tax efficient management and investment restrictions monitoring, while enabling asset growth, improving compliance, and lowering costs.
Through a single, front-end, Citigroup’s separately managed accounts servicing solution includes:
- Portfolio manufacturing and modeling
- Tax-efficient management of portfolios
- Multi-Sponsor connectivity
- Automated account setup and maintenance
- Automated tax optimization and restriction handling
- Step-out trade management
- Document imaging, archiving and workflow management
- Account and trade reconciliation
- Corporate action notification and reconciliation
- Portfolio Accounting & Reporting
- Portfolio Analytics and Risk measurement
- Performance Measurement and sales reporting
About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company
with some 200 million customer accounts in more than 100 countries,
provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, insurance,
securities brokerage, and asset management. Major brand names under
Citigroup’s trademark red umbrella include Citibank, CitiFinancial,
Primerica, Smith Barney, Banamex, and Travelers Life and Annuity.
Additional information may be found at www.citigroup.com.
About Citigroup Global Transaction Services
Citigroup® Global Transaction Services is a leading provider
of integrated cash management, trade, funds and securities services
for corporations, financial institutions, intermediaries and governments
around the world. With over $ 121 billion in average liability balances,
more than $ 7.3 trillion in assets under custody and the largest
proprietary branch network, Citigroup’s award-winning operating
systems and Internet-based delivery channels enable clients to manage
and monitor working capital and investments more efficiently, streamline
transaction processing cycles, and re-engineer receivables and payment
processes. Citigroup® Global Transaction Services provides clients
with access to Citigroup’s full range of capabilities and
solutions along with an on-the-ground presence and in-depth knowledge
of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com
Citigroup Global Transaction Services is part of Citigroup's global
corporate and investment banking group, which provides complete
financial solutions to corporations, governments and institutional
investors in more than 100 countries. Award-winning businesses include
corporate and investment banking, sales and trading, transaction
services, commercial finance and insurance products. Additional
information can be found at: www.citigroupgcib.com.
