Bringing you live news and features since 2006 

Computer screen

Citi Private Bank selects Charles River IMS and OpenAi

RELATED TOPICS​

Citi Private Bank has selected the Charles River Investment Management Solution (IMS) as Citi Investment Management’s portfolio management system, and Citi OpenAias its middle-office services provider and portfolio accounting system.

Citi Private Bank advises the world’s wealthiest, most influential individuals and families.
 
Citi Investment Management (CIM) is the firm’s core discretionary investment management business.
 
IMS, provided by Charles River, a front- and middle-office investment management solutions provider, will enable CIM to have a single, global solution for portfolio management and modelling, order management, trading, and pre-and post-trade compliance.
 
OpenAi, offered through Citi’s Investor Services, will handle middle-office trade processing and reconciliation, information delivery and reporting technology. Built on an integrated data management model, OpenAi will provide CIM’s investment managers direct access to operational workflow throughout the client service lifecycle by connecting Citi’s trading platforms and processing systems, third-party providers, custodians and market data sources, and will allow managers to view and customise data online.
 
“Our transition from proprietary systems to the Charles River and OpenAi platforms underscores Citi Private Bank’s commitment to grow our investment management business by investing significantly in the latest technology to service our ultra high net worth clients,” says Mark Davidson, chief operating officer, CIM. “And following the conclusion of an extensive search for the right vendor, we were thrilled that the best middle-office and portfolio accounting solution for us, OpenAi, was presented by Citi’s own Investor Services,” Davidson continued.
 
“In an environment of expanding regulatory oversight and increased operational complexity, it is critical to have access to key portfolio data across multiple counterparties, fund structures and geographies,” says Mike Sleightholme, global head of hedge fund services, investor services, Citi.
 
“Charles River IMS gives firms like CIM advanced tools and functionality that make portfolio managers and traders more effective,” says Tom Driscoll, global managing director, Charles River. “The solution’s integrated portfolio modelling, construction and real-time trading streamline front- and middle-office processes, reducing clients’ time to market for new investment products and services.”

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by