According to a news release, Citigroup already offers the service in both Europe andAsia.
The fiduciary transition service is a joint venture of Citigroup’s Global Capital Markets division and Global Transaction Services division. Citigroup offers a global capital markets franchise with securities and fund services, which includes custody, clearing and settlement capabilities.
The result is a portfolio restructuring service offering transaction advice, operational efficiency, risk management and execution expertise.
“Adding the fiduciary capability highlights Citigroup’s commitment to and alignment with our transition clients,” said Fred Fogg, Head of North American Transition Management at Citigroup, in the news release.
More information is at www.citigroup.com .