Citi bags Sandalwood mandate 07 September 2011New York Reporter: Anna Reitman
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Citi Global Transaction Services (GTS) has been selected to provide fund of hedge funds administration and custody services to Sandalwood Securities.
Citi GTS's funds of hedge funds service includes fully automated global order fulfillment, custody and cash management, workflow flexibility and transparency and back office services.
“After a thorough review of service providers, two of the key factors driving our decision to select Citi were the quality of the professionals we met and Citi’s commitment to developing technology solutions” said Ken Chapple, CFO at Sandalwood Securities.
“Transparency is a key commitment we make to our investors and their advisors. Citi’s investor services platform – and integrated Fund of Fund Solution – provides us with direct, Web-based access to our investor reporting and portfolios and, as a result, additional transparency to our processes,” he adds.
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