Back Office & Operations

Citi to provide admin to Credit Suisse assets


Citi is set to provide Credit Suisse’s asset management division middle office, custody and hedge fund administration services to support a portion of its US-based alternative investments business, of which $10.87 billion is in funds of hedge funds.

As part of the mandate, a portion of the middle office operations within Credit Suisse’s Asset Management division will be fully transitioned onto Citi’s service platform, which includes operations, technology and data management capabilities.

“We are pleased to demonstrate the value of our expert staff and leading technology to Credit Suisse’s asset management division,” said Mike Sleightholme, head of global