Bringing you live news and features since 2006 

Citi Private Bank selects Fi-Tek’s Global Wealth Enterprise Solution


Citi Private Bank has selected Fi-Tek, LLC's Global Wealth Enterprise Solution (Global WealthES) as its core securities processing and accounting platform.  

The firm will now leverage Global WealthES to provide integrated straight through functionality on a single database. At the heart of the system is a robust securities processing and accounting engine, which is designed for enterprise wide productivity improvement and reduction of operational risks through automation of major functions. Global WealthES also features a flexible communications bus built on BizTalk technology to integrate with internal and external ecosystems for seamless communications.

"Our partnership with Fi-Tek reaffirms Citi Private Bank's commitment to servicing our clients by investing in the latest technology," says John Barker, head of Citi Private Bank North America Operations. 

Fi-Tek developed Global WealthES by leveraging its current wealth management platform TrustPortal, to serve the needs of larger global private banks and custodians. 

"Over the last ten years, we have invested heavily in new technology and in developing wealth management lifecycle functionality to make Global WealthES  an efficient, feature rich, market leading solution to help our customers manage their businesses more efficiently," says Subir Chatterjee, President & CEO of Fi-Tek. "We recognize that our clients' business needs are changing, so we continuously enhance our systems to help our clients meet tomorrow's challenges. We are delighted to have a sophisticated client like Citi Private Bank select our platform, and we are enjoying our partnership."

Global WealthES's newer capabilities include global securities processing, SWIFT interface for real time custody integration, data aggregation, and a robust business intelligence tool to provide senior managers the ability to analyze data to better manage their business.

The Global WealthES platform is fully integrated with Citi's Investor Services' proprietary global custody network which provides direct access to 97 markets worldwide, as well as Citi's Collective Investment Services (CIS), an industry-leading mutual fund trade execution, settlement and custody service. Global WealthES  is deployed through a secure private environment hosted by Fi-Tek.

Citi Private Bank advises some of the world's wealthiest, most influential individuals and families. With USD310 billion in global assets under management, the franchise includes 50 offices in 15 countries, serving clients across 139 countries. The firm offers clients products and services covering capital markets, managed investments, portfolio management, trust and estate planning, custody, investment finance, banking and art, aircraft and sports advisory and finance.​

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
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