New York, United States and London, United Kingdom
Citi Alternative Investments (CAI) is pleased to announce the following organizational changes in its Sales and Marketing Group.
Philip Anker has been named Managing Director and Global Head of Institutional Sales and Marketing. Based in London, Mr. Anker will oversee all global sales and marketing activity for CAI, including Europe, Asia, North America and the Middle East. He was previously the Head of European Institutional Sales for CAI. Before joining CAI in 2004, Mr. Anker worked at Deutsche Bank in New York and London where he was Co-CEO of its Absolute Return Strategies business in Europe. Prior to that, he was a Director and responsible for global private client product development and distribution of hedge funds and structured products. After starting his career at JP Morgan Securities (London), he moved to New York in 1997 to help build a U.S. subsidiary for DWS Group, a Deutsche Bank subsidiary.
In addition, Owen Thiers and Francois Bornens have been promoted to co-Heads of the European Institutional Sales team. Both will continue to be based in London and will report to Philip Anker. Mr. Thiers joined CAI in 2005 as a Director in charge of Pension Funds and Consultants in the U.K. and the Netherlands. He has more than 10 years experience working with large institutional clients on advanced investment management topics. Mr. Bornens has been with Citi since 1989, combining various experiences in Financial Institutions global coverage and product sales. He transferred to CAI in 2002 where he was in charge of developing CAI distribution in France, Benelux and parts of the Nordic region.
"Philip has done a tremendous job in building out and expanding our institutional presence in Europe and we look forward to leveraging his global experience as we continue to strengthen our institutional sales platform," said Lew Kaden, Interim Chairman and Chief Executive Officer of CAI. "Under the guidance of Philip, Owen and Francois have successfully helped solidify our institutional sales effort and are well positioned to continue to broaden awareness of our wide range of products across Europe, to expand our distribution network and our franchise and to participate in the development and marketing of products tailored to the requirements of European institutional and high-net-worth individual investors."
Maureen O'Toole, Managing Director and Head of Sales and Client Service, will continue to manage the high net worth sales team for CAI through the Global Wealth Management channel and oversee education and marketing. Prior to assuming that position, Ms. O'Toole was Director of Sales and Marketing at Smith Barney in its Managed Futures Department. Before that, she was heavily involved in the international development of the managed futures business at the firm where she has been since 1993. Philip and Maureen will participate in the CAI Business Heads Committee.
"CAI is well positioned and continues to grow in various parts of the world," added Mr. Kaden. "In 2006, CAI secured $14 billion of new assets, up from $8 billion in 2006. In addition, over the last two years, CAI has significantly increased its footprint in Europe despite a very competitive landscape. CAI doubled European sales for the second straight year and continues to make strong progress in reaching out to institutional investors in the region."
About Citi Alternative Investments:
Citi Alternative Investments is an alternative investment platform that manages a wide range of products across four asset classes, including private equity, hedge funds, real estate and structured products. CAI manages capital on behalf of Citi, as well as third-party institutional and high net worth investors. As of December 31, 2006, CAI had approximately $49.2 billion of un-levered assets under management, ranking CAI among the world's largest alternative asset managers. CAI's goal is to enable its 14 investment centers to retain the entrepreneurial qualities required to capitalize on evolving opportunities, while benefiting from the intellectual, operational and financial resources of Citi.
About Citi:
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citi's trademark red arc include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.
CONTACT: Media: Jon M. Diat 212-793-5462 jon.diat@citigroup.com Susan Tether +44 20 7986-5601 susan.tether@citigroup.com
Source: Business Wire (Business Wire India)