Citi has launched a free Fund Governance Portal for its regulatory administration services clients.
It includes compliance and regulation data, documents and links, including to the Securities and Exchange Commission, to help a fund firms board and legal team manage its governance program.
Duane Dewey, EVP of corporate banking and wealth management at Trustmark Investment Advisors, which runs Performance Funds, has been using the portal, and said, I applaud Citi on introducing the Fund Governance Portal. It provides enhanced efficiencies through technology that will enable our team to access, review and share current and past documents. In addition, it has key security features, Dewey said.
As Citi Managing Director of Regulatory Administration and Compliance for North America Bruce Treff noted, given current economic conditions and the fast-moving regulatory environment, the entire investment management industry is under pressure to realize operational efficiencies.