Citi Private Bank North America has announced its National Hedge Fund Sales Team, established in January 2015 to focus on the private banking needs of hedge fund founders, has grown by more than 50% since inception and currently has 140 hedge funds and their principals as Citi Private Bank clients. The team is led by Keith Gertsen, Managing Director, Citi Private Bank, North America.
“Hedge fund principals have unique personal financial planning and investment needs, often with significant wealth concentrated in their funds. Our momentum in this space is a testament to our ability to deliver the full capabilities of our Institutional Clients Group platform to these clients,” said Mr. Gertsen. “Our Investment Team, working closely with our Investment Counselors and Investment Lab, can perform extensive analyses of fund concentrations and other outside investments and help develop recommendations for clients, which often include cash management solutions, private equity investments, municipal bond portfolios, real estate and other assets,” he continued.
The Hedge Fund Sales Team is comprised of senior Private Bank professionals with extensive hedge fund and capital markets experience providing highly customized strategies to an increasingly important client segment. Products include lines of credit to funds’ management companies, loans to hedge fund principals secured by their portfolio of outside hedge fund investments, custom jumbo mortgages expedited by a dedicated mortgage team, commercial real estate loans, art advisory and art finance, aircraft advisory and finance, professional sports team acquisition and finance and trust and estate planning.
Citi Private Bank advises many of the world’s wealthiest, most influential individuals and families. With $374 billion in global assets under management, the franchise includes 48 offices in 16 countries, including 25 offices across North America. The firm’s comprehensive services are tailored to individuals and families, including entrepreneurs and business owners, single- and multi-family offices, senior corporate executives, next-generation/inherited wealth, law firms and attorneys. With investment advice offered through an open architecture investment platform, access to capital markets strategies, banking and cash management, to lending solutions, wealth and advisory and trust services, Citi Private Bank delivers expertise and a premier level of service while helping grow, manage and preserve wealth.