Citi has opened a new business named Hedge Fund Services, which will provide hedge fund clients with financing, prime brokerage, and consulting services.
Steve Bowman, most recently the head of Fixed Income Sales, will lead this joint venture business reporting to Jamie Forese, Head of Equities, and Neeraj Sahai, Head of Securities and Fund Service.
“Hedge Fund Services unites activities across Capital Markets and Transaction Services that are principally focused on the hedge fund client segment,” says a spokesman for the company. “By combining our global reach and dominant fixed income and equities platform with the industry-leading asset servicing capabilities of transaction services, Citi can provide hedge fund clients with an integrated platform encompassing virtually every aspect of how they operate.”