The enhancements to the platform will provide greater self-service capabilities for users to access their own data to improve investment and operational decisions.
Jane Fraser will replace retiring Citi chief executive Michael Corbat when he steps down in February next year.
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
The license also makes Citi the first among the top five global custodians to win approval to set up shop in China.
The launch of the Finland direct custody service marks the completion of a 14-year build-out of its Nordic sub-custody business by the US bank.
The desert race series is considered by TIME Magazine as one of the top 10 endurance competitions in the world, but this didn’t put off Bryan Murphy, global head of intermediaries client coverage at Citi. Here, Murphy takes us through his epic adventures through the Atacama, Gobi and Namibian deserts and a gruelling final leg in Antarctica.
Citi will implement the Solidatus platform internally at a global enterprise level following its investment as it looks to enhance its data ecosystem.
Among the swathe of recent appointments, the former head of investor services for Ireland at Citi has joined to lead BNY Mellon's Irish fund services business.
Citi has become a key partner for Latin American-based exchanges and CSDs to attract international investors and improve liquidity.
The expansion will enable Citi to provide fund accounting services to £186 billion UK investment trusts industry.