citigroup-enters-asian-hedgefund-admin-business

Citigroup enters Asian hedge-fund admin business

Citigroup takes on an incumbent trio of hedge-fund administrators in Asia-Pacific.
Citigroup has launched its hedge-fund administration in Asia under the local command of managing director Matt Brown.

The firm already offers these services elsewhere in the world. It established its hedge-fund administration services originally in the United States in December 2004, and now has $45 billion in assets under administration and employs a roster of 150 staff.

It will be a full service hedge-fund administration provider, including fund and portfolio accounting, general ledger accounting, shareholder record keeping, corporate secretarial services and customised statements and accounts. Its move eastwards is seen as a natural extension of existing mature operations and complements the growing prime brokerage operations in Hong Kong, which are under the stewardship of Hannah...
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