GLOBAL – Citigroup has launched a global transition management business to be headed by Sharon Egilinsky and Tim Wilkinson.
The announcement came in an internal note to staff from James Forese and Will Geyer, the global heads of equities and alternative execution services. “We are pleased to announce the launch of our Global Transition Management business,” they said.
“With the launch of this business, we have created a global platform to serve the institutional investor community leveraging the full breadth of Citigroup’s franchise,” they said, adding that there are asset transfers worth around two trillion dollars a year.
“Global Transition Management will provide a customized solution set to manage execution, risk and cost control for our clients worldwide,” the memo said.
The unit would be co-headed by former Deutsche Bank transition management executive Sharon Egilinsky and Tim Wilkinson, who previously worked for Citigroup in Australia. They will report to Geyer.
Forese said: "With the launch of this business, we have created a global platform to serve the institutional investor community leveraging the full breadth of Citigroup's franchise."
Geyer added: "With Citigroup's unsurpassed analytic and execution capabilities, our formal entrance into the Transition Management business is a necessary step for us to enhance our comprehensive product array for the pension community."