Guggenheim Investment Advisory, a division of Guggenheim Partners, has hired Citi to provide a complete suite of services including middle office, fund administration and custody for Guggenheim’s hedge fund investment platform.
Citi’s service platform for alternative managers provides administration, operations, technology and data management capabilities to enhance and support an asset manager’s front and middle office activities.
These services include OpenInvestor for wealthy clients, fund services, custody and financing, among other services. Citi’s Institutional Clients Group also offers Transaction Services, which provides offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations.
“We are pleased to be working with Citi because of their deep understanding of our business and robust technology that offers us customized end-to-end solutions to our unique middle office, administration and custodial needs,” said Dina DiLorenzo, managing director, Guggenheim Investment Advisory, in a statement.
“We were able to leverage our hedge single manager and fund of funds capabilities to create a service solution adapted to Guggenheim’s open architecture model,” said Neeraj Sahai, Global Head, Securities and Fund Services, Citi. “We look forward to continuing to support Guggenheim’s ability to innovate and bring new products to market.”
Guggenheim Partners is a privately held global financial services firm with more than $125 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals.