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Thursday October 4, 07:01 PM
Citi Property Investors Broadens Global Investment Capabilities with Addition of Shanti Sen to New York Office |
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New York, United States, Thursday, October 04, 2007 -- (Business Wire India) -- Citi Property Investors (CPI), the global real estate investment management business of Citi Alternative Investments (CAI), has announced that international real estate investor Shanti Sen has joined the firm as Managing Director, Head of Merchant Banking. Ms. Sen has more than 22 years of transaction experience gained at premier real estate organizations. She joins CPI from GIC, the Government of Singapore Investment Corporation, where she was Senior Vice President, Head of Corporate Investment Group (CIG), responsible for leading GIC's international corporate entity investment activities.
Ms. Sen's experience and expertise include both private and public markets; equity and debt structuring and investment; strategic and minority corporate stakes; and portfolio and multi-sector investment. At CPI, she will work with the firm's regional investment centers to identify and execute large-scale entity investment opportunities around the globe.
Joseph Azrack, President and Chief Executive Officer of CPI, stated, "Shanti's experience and global relationships will permit CPI to broaden the scope of investments available to our institutional and high net worth clients. By focusing on real estate operating company and portfolio transactions, the merchant banking group under Shanti's leadership will complement our existing investment resources in Asia, Europe and North America, and will enhance CPI's ability to offer our clients large-scale, well-structured real estate investment opportunities."
Ms. Sen said, "The depth of Citi's capital and breadth of its resources and global reach present an exciting and sustainable platform from which to undertake strategic investment opportunities in the real estate arena. I look forward to building on CPI's track record underpinned by its multidisciplinary expertise and contributing to the continued growth and success of the firm."
Citi Property Investors is a global investment manager with offices in New York, London, Los Angeles, Shanghai and Hong Kong, and a presence in Mumbai. With more than $12 billion in assets under management, CPI invests across both private and public markets. CPI has dedicated teams in North America, Europe and Asia that invest across office, industrial, multifamily, retail and hotel property types. CPI's strength is defined by its research-driven investment strategies, capital market sensitivity and exceptional investment sourcing and execution capabilities. CPI is the real estate investment center of Citi Alternative Investments, which brings together Citi's broad expertise to create a single platform for the management, development and marketing of alternative investments to institutional and high net worth investors. Citi's capital is used to seed and co-invest with investors in CPI's real estate investment funds.
Citi Alternative Investments is an alternative investment platform that manages a wide range of products across four asset classes, including private equity, hedge funds, real estate and structured products. CAI manages capital on behalf of Citi, as well as third-party institutional and high net worth investors. As of June 30, 2007, CAI had approximately $59.2 billion of un-levered assets under management, ranking CAI among the world's largest alternative asset managers. CAI's goal is to enable its 16 investment centers to retain the entrepreneurial qualities required to capitalize on evolving opportunities, while benefiting from the intellectual, operational and financial resources of Citi.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.
Media contact details
CONTACT:
Citi
Jon Diat
212-793-5462
jon.diat@citi.com
CONTACT:
Citi
Jon Diat
212-793-5462
jon.diat@citi.com
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