Citigroup’s Chandresh Iyer Named ‘SMA Player
of the Year’ by Fund Action and Fund Directions
Citi Executive Cited for Innovative Product Development of OpenWealthSM
April 22, 2010 09:06 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Citigroup today announced that Chandresh Iyer, Global Head of
Investment Administration Services and Global Custody, was named the “SMA Player of the Year” by Fund
Action and Fund Directions -- publications of Institutional Investor. The SMA Player of the Year is awarded to “a
prominent figure in the separately managed accounts industry in recognition of their overall influence over the
industry.”
This year’s award was in recognition for Citi’s OpenWealthSM the first Unified Managed Household platform for
sponsors and other distributors of managed accounts. OpenWealthSM provides several unique tools and features for
distributors and sponsors of managed accounts including:
l One unified scalable platform across all managed account products and security types
l Automated rebalancing and tax optimization across an investor’s household of accounts
l Automated overlay and allocation processing with an integrated OMS reducing sponsor costs
l Robust pre-trade compliance tools and modeling capabilities to support all types of Rep-as-PM (what does
this mean) and Rep-as-Advisor programs
l Household reporting of managed and unmanaged assets, including assets held away from the sponsor
organization
Since its introduction, OpenWealthSM has quickly received very positive market reception and wide acceptance.
Dennis McDonald, Head of Product Development for TIAA-CREF’s Individual Products group, the flagship client
for OpenWealthSM: said, "Our selection of Citi’s OpenWealthSM platform allows us to meet the needs of our clients
with industry-leading customized, goal-oriented portfolio management that is responsive to individual client objectives
and investment preferences. It reduces the number of systems and parties with which we need to interface