Citi has expanded its private equity services business into Luxembourg through a Center of Excellence for closed-ended funds. This launch follows Citi’s recent introduction of such services in Dublin and Singapore and allows the bank to provide private equity services in the growing EMEA market.
Citi’s local Luxembourg team will serve its private equity clients, leveraging the bank’s global private equity expertise and its experience in Luxembourg depositary banking as well as local regulatory and compliance requirements.
“Luxembourg is strategically poised to address the regulatory changes underway in the European Funds space. Our private equity, venture capital and institutional clients will now be able to access a customer-focused local team as well as the accounting, administration, tax and offshore expertise of our global and regional hubs,” said Joe Patellaro, global head of Private Equity Services at Citi.
Citi Launches Private Equity Services in Luxembourg
Citi has expanded its private equity services business into Luxembourg through a Center of Excellence for closed-ended funds.
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