- Summary & Methodology
- Industry Trends
- Transition Manager League Tables
- Transition Manager Profiles
- Abel Noser, LLC
- BlackRock
- BTIG, LLC
- Citigroup Global Markets Inc.
- Macquarie Group Ltd.
- Northern Trust Investments, Inc.
- Pavilion Global Markets Ltd.
- Russell Investments
- State Street Global Markets
Past Surveys
Transition Manager Profiles
Citigroup Global Markets Inc.
www.citigroup.com/citi/
Summary of Offering
Citi provides solutions to the complex needs of the world’s largest asset owners in more than 160 countries and jurisdictions. Citi has the largest proprietary global network with physical presence in 97 countries, trading desks in 77 markets, and clearing/custody in 63 markets. Citi Transition Management draws on the unique skills of a global investment bank and one of the largest custody networks to deliver solutions. Operating from within the world’s most global bank allows us to provide our clients with very competitive commission rates. Citi Transition Management’s value proposition can be summarized as boutique service at wholesale prices.
Client Restrictions: Typically >$5B in sub-advised assets. Please contact provider for more details.
Business Summary (as of 09/30/2020)
| Total TM clients | >150 |
| Total TM mandates | >150 |
| Total assets transitioned ($USD) | >$150B |
Regions with Clients that Completed TM Events (2019-2020)
| U.S. | |
| Canada | |
| U.K. | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Summary of Client Feedback from 2020 Survey
| Total respondents | 20 |
| Net recommendation/promoter score | 75% |
| % independently audited | 5% |
| % accepted fiduciary role over event | 76% |
Responses by transition type
| Principal | 0% |
| Agency | 80% |
| Hybrid | 20% |
Responses by value of securities transitioned
| <$50MM | 5% |
| $50MM – $250MM | 16% |
| >$250MM – $1B | 32% |
| >$1B – $3B | 32% |
| >$3B | 16% |
Client ratings
5 = Extremely satisfied; 1 = Unsatisfied
| Transition strategies and planning capabilities | 4.70 |
| Operational capabilities and trading quality | 4.80 |
| Risk management capabilities | 4.70 |
| Quality/transparency of reporting | 4.65 |
| Accuracy of pre-trade estimate | 4.40 |
| Transparency of disclosures | 4.60 |
| Overall project management | 4.85 |
| Knowledge/responsiveness of staff | 4.75 |
N/A = Not Applicable (providers needed a minimum of 10 responses to be rated)