Citi has expanded its OpenWealth platform to include a complete package of trust accounting, operations outsourcing and custody services.
OpenWealth is a Web-based platform with real-time processing and reporting that supports all phases of the account administration lifecycle. The solution aggregates household-level data across wealth management platforms, investment managers and third-party custodians.
OpenWealth delivers a complete solution that enables our clients to focus on their core activities of managing assets and serving their clients, says Chandresh Iyer, head of custody and investment services, Securities and Fund Services, Citi. Switching over to a new platform is an important decision for our clients, and we are committed to delivering best-in-class solutions based on leading edge technology to help grow their business.