deVere announces exclusive alliance with CitiGroup
For immediate release
London, United Kingdom: 22nd June 2009
deVere & Partners is pleased to announce a distribution alliance with Citi, one of the largest retail deposit taking banks in the world. Under this partnership, Citi will produce bespoke investments on an exclusive basis for deVere & Partners.
Products in the new range will provide income and growth investment solutions and will commence with the launch of a high-income note.
“This program constitutes Citi’s first major participation in the offshore advisor market and we are very excited about the first product offering, a high-income note designed to combat the adverse impact of declining interest rates on investors. This note provides access to a headline rate of up to 13.00% pa through investments linked to the FTSE 100 and S&P 500 Indices.” said Emma Davidson, Citigroup Global Markets Inc
The CEO of the deVere Group, Nigel Green said: “As a company, we are delighted to announce that we have agreed an Alliance with another of the world’s leading banks. Our alliance with CitiGroup will enable deVere to provide another range of Exclusive Funds to our clients’. Our mission is to provide our clients with the best service together with the best products in the international market. We believe our alliance with CitiGroup will be a great success and will enable the deVere Group to continue to achieve our objective”.
About deVere & Partners Group:
deVere and Partners is the largest firm of independent international financial advisers. International investors and expatriates employ deVere to find financial services products that suit their medium to long term requirements for investments, savings and pensions. With in excess of US$7 billion of funds under administration and management, deVere has more than forty thousand clients in over a hundred countries. deVere’s independence and ability to offer financial products that are tailor-made to fit an individual’s needs are behind the success. As a result, deVere now have offices in over forty countries, Abu Dhabi, Brussels, Dubai, Geneva, Hong Kong, Johannesburg, London, Mexico, Moscow, Shanghai, Tokyo and Zurich, amongst others.
Please visit http://www.devereandpartners.com for more information about deVere and Partners.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides 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. Additional information may be found at www.citigroup.com or www.citi.com.
Certain statements in this document are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup’s filings with the Securities and Exchange Commission.
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