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.
