Citi's Securities and Fund Services Declares its Depositary Services AIFMD Ready in Key European domiciles

  Citi's Securities and Fund Services Declares its Depositary Services AIFMD
  Ready in Key European domiciles

Business Wire

LONDON -- July 23, 2013

The Alternative Investment Fund Management Directive (AIFMD) rules affect fund
remuneration practices, marketing guidelines, documentation and reporting, and
the requirement for alternative investment fund managers to appoint a
depositary.

Citi’s Depositary Services stands ready to assist fund managers in their
compliance with the new responsibilities demanded under the AIFMD. Citi’s
leading European Depositary coupled with the industry's largest proprietary
sub-custody network, enables practical controls to be deployed, end to end,
across the investment chain; no other depositary has operations or
infrastructure to match Citi's unique service structure. As a result of this
unique combination, Citi's depositary service apply the most stringent
controls with minimal impact on the investment management process, thereby
delivering value through minimising the costs and operational burdens
presented by AIFMD.

“We have over 25 years experience offering tailored European depositary
solutions and can meet the needs of all of the fund structures captured under
AIFMD, including private equity, hedge, real estate and non-UCITS long funds,”
says Sanjiv Sawhney, Managing Director, EMEA Head of Securities and Fund
Services, Citi Securities and Fund Services. “This experience, together with
our unrivalled proprietary network, provides risk efficiencies that deliver
tangible benefits in terms of operational structure and risk adjusted fees.”

Citi’s AIFMD offering is available to fund managers across its 12 European
centres, including Ireland, Luxembourg, Netherlands, Sweden and the UK.

Citi OpenInvestor^SM is the investment services solution for today’s
diversified investor that combines specialized expertise, comprehensive
capabilities and the power of Citi’s global network to help clients meet
performance objectives across asset classes, strategies and geographies. With
$13.4 trillion in assets under custody and administration, Citi
OpenInvestor^SM provides institutional, alternative and wealth managers with
middle office, fund services, custody, and investing and financing solutions
that are focused on their specific challenges and customized to their
individual needs. For more information, visit
openinvestor.transactionservices.citi.com

                                     ###

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: http://blog.citigroup.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Contact:

Citi
Jeff French
+44-(0)20-7500-8304
Jeffrey.french@citi.com