Standard Life Aberdeen acted as the anchor client for the new client reporting solution, as Citi continues to bolster its middle-office offering.
Primary investors Citi, Deutsche Bank, and Deutsche Börse raised $15 million for CloudMargin in its largest funding round to date.
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.