Citi has been ranked as Top Rated in Asia Pacific, in this year’s surveys of the private equity and hedge fund industries, conducted by Global Custodian a publication on the international securities services sector.

Among the ten administrators evaluated in the sixth annual Private Equity Fund Administration survey, Citi was ranked number one in Asia Pacific and received the highest amount of Best in Class commendations for the region, earning ten awards.

 Ahead of any other fund administrator, Citi globally earned six Top Rated rankings and 60 “Best in Class” awards. Overall, the firm was the only provider to be Top Rated both globally and across Asia Pacific and North America, it said.

The results were based on a total of 246 responses which the publication used to evaluate the perceptions of private equity firms on the quality of the services provided to them by third-party administrators.

In the Hedge Fund Administration survey, now in its 17th year, Citi took the lead amongst the 35 rated providers to be one of only five to qualify for a “Top Rated” status in Asia Pacific.

Citi received nine “Best in Class” commendations for the region and was also awarded the Top Rated ranking for Hong Kong and a Commended ranking for Singapore. Additionally, the bank was tiered globally as “Top Rated” in the Leading Clients category, which Global Custodian considers their “sternest and truest test of the capabilities of a hedge fund administrator”.

Citi operates in more than 160 jurisdictions, with over $445 billion of alternative assets under administration.