Citi has been named Latin America Fund Administrator of the Year by Custody Risk. Celebrating outstanding achievements across the Americas, Custody Risk’s Americas Awards recognized Citi’s extensive experience in addressing the specific challenges of global investors and its ability to tap the intellectual capital of Citi’s local network, to help clients deepen their insight, extend their reach and expand their business.
With over US$630 billion in assets under custody in Latin America and more than seventy thousand employees, Citi has been a leading provider of custody services in the region for over two decades and is a leader in Fund Administration. Through offices in 23 countries Citi provides a full suite of administration and custody services to Hedge Funds, Private Equity, Securitization and Real State funds across Latin America. Citi's achievements include being ranked # 1 in Private Equity Fund Administration services by the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, and being the first provider of ETF services in Mexico, Brazil and Colombia.
Fernando Iraola, Citi Transaction Services Latin America and Mexico Region head, said: “We are proud to have won this award, a valuable recognition of the investment in innovation that Citi carries out in Latin America and across the world. With Citi, clients are continuously benefiting from our global capabilities, enabling growth, reducing costs, and assisting them in maintaining a robust control environment.”
“These awards are a testament to the outstanding work that Citi has undertaken over the course of more than a century in Latin America. We continue to place significant emphasis on developing long-term relationships with a diverse portfolio of clients. Innovation is one of our distinctive features, which has proven extremely valuable in helping our clients understand and meet the ever-changing needs of these rapidly evolving markets,” said Alejandro Berney, Citi’s Transaction Services Latin America & Mexico head for Securities and Fund Services.