The services include bank loan administration, document management, and loan portfolio analytics. This deal adds to Citi’s existing portfolio of $65bn in bank loan assets under administration and custody.
Citi provides credit hedge fund managers with a comprehensive suite of integrated end-to-end middle and back office services spanning the entire post-execution lifecycle.
Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with customised offerings delivered through proven global platforms that feature modular, open architecture.
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world.
Citi North America head of securities and fund services Bob Wallace said Eos has extensive experience with credit and syndicated bank loans across both hedge funds and private equity.
"Citi specializes in this space, and we are pleased Eos has selected us. It is a testament to the quality our solution brings to the marketplace," Wallace said.
