View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 16, 2022

Simon Markets secures strategic investment from Citi

Wealth management platform SIMON Markets has announced an undisclosed strategic investment from its long-time partner Citi.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Launched in 2018, Simon’s platform provides a marketplace for risk-managed and alternative solutions, such as annuities, structured investments, and traditional as well as progressive alternatives.

Citi’s financial professionals under its wealth management division use Simon’s investment platform and the lender has been an issuer of the firm’s structured investments.

As part of the investment, the two companies will work together to expand partnership opportunities between their businesses.

Citi managing director and head of Americas Sales for Solutions for Financial Intermediaries Fabrice Hugon will join Simon’s directors board.

Simon CEO Jason Broder said: “Citi is forward-thinking and has been an innovative force in the structured investment market. We value their market perspective, dedication, and stature.

“By joining us now as an investor, which builds on the partnership we’ve developed over the years, Simon is proud to bring together our shared vision—to help advisors embrace evolving investment opportunities, with technology.”

Hugon said that Citi plans to closely collaborate with Simon in a number of areas and deliver the best solutions possible for financial professionals.

Citi Institutional Clients Group Digital head and CIO Sandeep Arora added: “Citi and Simon are both focused on creating new opportunities for clients and improving client experiences.

“Simon has built an impressive digital approach to portfolio management. Digitisation creates momentum, new opportunities for clients, and ultimately, the best user experiences. We’re excited to join this journey with Simon and support their continued growth.”

In July last year, Simon concluded the first tranche of a strategic financing round of up to $100m to further enhance its core offering across structured investments and annuities.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International