NEW YORK & LONDON, March 12 /CNW/ - Citi Alternative Investments (CAI) is
pleased to announce the following organizational changes in its Sales and
Philip Anker has been named Managing Director and Global Head of
Institutional Sales and Marketing. Based in London, Mr. Anker will oversee all
global sales and marketing activity for CAI, including Europe, Asia, North
America and the Middle East. He was previously the Head of European
Institutional Sales for CAI. Before joining CAI in 2004, Mr. Anker worked at
Deutsche Bank in New York and London where he was Co-CEO of its Absolute
Return Strategies business in Europe. Prior to that, he was a Director and
responsible for global private client product development and distribution of
hedge funds and structured products. After starting his career at JP Morgan
Securities (London), he moved to New York in 1997 to help build a U.S.
subsidiary for DWS Group, a Deutsche Bank subsidiary.
In addition, Owen Thiers and Francois Bornens have been promoted to
co-Heads of the European Institutional Sales team. Both will continue to be
based in London and will report to Philip Anker. Mr. Thiers joined CAI in 2005
as a Director in charge of Pension Funds and Consultants in the U.K. and the
Netherlands. He has more than 10 years experience working with large
institutional clients on advanced investment management topics. Mr. Bornens
has been with Citi since 1989, combining various experiences in Financial
Institutions global coverage and product sales. He transferred to CAI in 2002
where he was in charge of developing CAI distribution in France, Benelux and
parts of the Nordic region.
"Philip has done a tremendous job in building out and expanding our
institutional presence in Europe and we look forward to leveraging his global
experience as we continue to strengthen our institutional sales platform,"
said Lew Kaden, Interim Chairman and Chief Executive Officer of CAI. "Under
the guidance of Philip, Owen and Francois have successfully helped solidify
our institutional sales effort and are well positioned to continue to broaden
awareness of our wide range of products across Europe, to expand our
distribution network and our franchise and to participate in the development
and marketing of products tailored to the requirements of European
institutional and high-net-worth individual investors."
Maureen O'Toole, Managing Director and Head of Sales and Client Service,
will continue to manage the high net worth sales team for CAI through the
Global Wealth Management channel and oversee education and marketing. Prior to
assuming that position, Ms. O'Toole was Director of Sales and Marketing at
Smith Barney in its Managed Futures Department. Before that, she was heavily
involved in the international development of the managed futures business at
the firm where she has been since 1993. Philip and Maureen will participate in
the CAI Business Heads Committee.
"CAI is well positioned and continues to grow in various parts of the
world," added Mr. Kaden. "In 2006, CAI secured $14 billion of new assets, up
from $8 billion in 2006. In addition, over the last two years, CAI has
significantly increased its footprint in Europe despite a very competitive
landscape. CAI doubled European sales for the second straight year and
continues to make strong progress in reaching out to institutional investors
in the region."
About Citi Alternative Investments:
Citi Alternative Investments is an alternative investment platform that
manages a wide range of products across four asset classes, including private
equity, hedge funds, real estate and structured products. CAI manages capital
on behalf of Citi, as well as third-party institutional and high net worth
investors. As of December 31, 2006, CAI had approximately $49.2 billion of
un-levered assets under management, ranking CAI among the world's largest
alternative asset managers. CAI's goal is to enable its 14 investment centers
to retain the entrepreneurial qualities required to capitalize on evolving
opportunities, while benefiting from the intellectual, operational and
financial resources of Citi.
Citi, the leading global financial services company, has some 200 million
customer accounts and does business in more than 100 countries, providing
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, and wealth management.
Major brand names under Citi's trademark red arc include Citibank,
CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional
information may be found at www.citigroup.com or www.citi.com.
For further information:
For further information: Media: Jon M. Diat, 212-793-5462
firstname.lastname@example.org Susan Tether, +44 20 7986-5601