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Citi Closes Hedge Fund Office in Waterford

May 15, 2013
Jing Chen

Global bank Citi is closing one of its hedge fund services offices in Ireland toward the end of the year.

Citi announced to impacted staff and clients Wednesday that its Waterford office will cease operation in November due to restructuring and consolidation of its global operations.

A Citi spokesperson told eVestment that while there will be opportunities for the Waterford office’s 52 staff members to relocate to the firm’s Dublin office, the “total number [of available positions] is not available.”

Established in 2005 by Citi hedge fund administrator BISYS, the Waterford office offers hedge fund services such as fund accounting, corporate secretarial and settlements operations.


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