Citi Wealth teams up with Allfunds to enhance client services
The Allfunds system will facilitate smoother processes for trade execution, settlement, and reconciliation.
Additionally, Citi Wealth will act as a sub-distributor for Allfunds, enabling broader access to third-party investment products through the platform.
Allfunds chief commercial officerGianluca Renzini said: 'Citi Wealth brings deep expertise in client solutions and wealth management to everything they do.
'This collaboration supports our position as a premier technology partner for top-tier firms like Citi in addressing market changes and continuing to deliver the outstanding service their clients expect.'
The initiative will first roll out for Citi Private Bank clients in the EMEA region later this year, with plans to extend Allfunds' capabilities to other regions in 2026 and 2027.
Citi Wealth stated that this collaboration aligns with its ongoing commitment to providing a top-tier investment experience for clients across various regions and segments.
Citi Wealth alternatives and investment manager solutions head Daniel O'Donnell said: 'We are focused on establishing strong partnerships with best-in-class providers to support growth and innovation across Citi Wealth.
'Our partnership with Allfunds is an important step in our efforts to strengthen and simplify our business and enhance our client and banker experience.'
Last month, investment firm Carlyle announced partnership with Citi to explore asset-backed financing opportunities in the fintech specialty lending sector.
The agreement includes a framework for sharing market intelligence and assessing co-investment and financing prospects.
"Citi Wealth teams up with Allfunds to enhance client services" was originally created and published by Private Banker International, a GlobalData owned brand.
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