Over the last three years, Citi's SFS (Securities and Fund Services) operations in Singapore have transformed itself from a custodian to a full-fledged fund and investment services provider by building up its capabilities in fund accounting, hedge fund administration, middle office administration, collateral management, Exchange-Traded Fund (ETF) services, investment administration servicing, portfolio performance measurement services and most recently, private equity and real estate administration. Singapore is Citi SFS' only market in Asia Pacific to offer the full range of fund and investment services. Citi's Asia-Pacific SFS hub numbers are:

• assets under custody: USD 169 billion
• transaction volumes: 130,000 a month
• employees: 323 employees
• 18 collateral management mandates from clients in the region.

In addition to being the Asia Pacific hub for SFS' operations, collateral management, and portfolio performance management services, Singapore is the Southeast Asia and India hub for product development, client servicing, and private equity and real estate administration services. SFS Singapore also services global clients by supporting Citi's two other SFS operation hubs in Tampa and Edinburgh.