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Citi launches OpenAi reporting technology

Citi launches OpenAi reporting technology

(24 April 2013 – Asia) Citi Group has launched OpenAi, a specialised range of information delivery and reporting technology to support the delivery of leading solutions for Citi’s alternative investment clients.

OpenAi is designed to enable alternatives managers around the world to be more efficient, invest in a more effective manner and help better manage operational risk.

In a release, Citi said that in an environment of expanding regulatory oversight, demand for greater transparency, increasing competition and operational complexity, having access to key portfolio data and exposures across multiple counterparties, fund structures and geographies is critical.

Built on an integrated data management model, OpenAi connects clients’ trading platforms seamlessly to Citi’s processing systems, third-party providers, prime brokers and market data sources, and gives them direct access to operational workflow throughout the service lifecycle.

With OpenAi, alternatives managers have process and data visibility along with visualization tools to view and customize data online in real time, and access through mobile devices.

"Operating an alternative asset management business today requires substantially more resources to compete than previously," said Mike Sleightholme, Global head of Hedge Fund Services, Citi.

"Citi’s DNA is embedded in our services business and allowed our team to build a comprehensive solution to enable our clients to navigate this new landscape and support the delivery of operational alpha. Institutional investors today are demanding more transparency and visibility and through Citi OpenAi our clients have access to key aspects of operating an alternatives business in one web-based platform."

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