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Citigroup launches advanced operating platform for SMA managers

01 December 2004  |  602 views  |  0 Source: Citigroup

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

    Since the creation of Separately Managed Accounts in 1975, Citigroup has been an innovator in the growing market for this flexible investment product - a market that is expected to reach $2 trillion by 2011 according to the Money Management Institute. "As a leading player in the Separately Managed Accounts industry, we are in a unique position to understand the trading and operational requirements of both managers and sponsors. Through our expertise, experience and leading integration capabilities, we now have a comprehensive servicing platform to provide a scalable, cost-effective, end-to-end solution for clients," said Chandresh Iyer, Director and Product Manager for Fund Services with Citigroup Global Transaction Services.
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