Citi Launches New Depositary Offering in the Netherlands

  Citi Launches New Depositary Offering in the Netherlands

Business Wire

LONDON & AMSTERDAM -- July 22, 2013

Citi has announced that it has established a depositary facility in the
Netherlands and has appointed a new depositary head in the country. The bank
can now support locally-domiciled funds with independent depositary
capabilities including oversight of funds’ service providers, safekeeping of
funds’ assets and daily automated monitoring of funds’ investment guidelines
and regulatory restrictions.

Citi has had a presence in the Netherlands since 1964 and offers a broad range
of financial services and products across the full spectrum of Corporate and
Investment Banking, Global Markets, Securities and Fund Services and Trade and
Treasury Solutions.

Jan-Olov Nord has been appointed as Head of Depositary Services, Netherlands
for Citi’s Securities and Fund Services, effective from 22 July. He has over
27 years financial markets experience and 15 years with Citi where he had
responsibility for some of the largest investment managers in the Dutch and
world markets.

“Our Dutch depositary facility opens in readiness for the Alternative
Investment Fund Managers Directive (AIFMD) which fundamentally impacts the way
our investment fund clients conduct their businesses,” said Sanjiv Sawhney,
EMEA Head of Securities and Fund Services at Citi. “We look forward to
strengthening our presence in the Netherlands and Jan-Olov is the right person
to help Citi’s clients, and the Dutch investment community, continue to grow
internationally.”

Citi OpenInvestor is the investment services solution for today’s diversified
investor, combining specialized expertise, comprehensive capabilities and the
power of Citi’s global network to help our clients meet their performance
objectives across asset classes, strategies and geographies. Citi provides
complete investment services for traditional and alternative asset managers,
delivering middle office, fund services, custody, and investing and financing
solutions that are focused on our clients’ specific challenges and customized
to their individual needs. For more information, visit
openinvestor.transactionservices.citi.com.

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About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management.Additional information may be found at
www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
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Contact:

Citi :
Edwina Frawley-Gangahar
+44 (0)207 508 2340