Citi Wealth has partnered with Allfunds to enhance and expand its mutual fund offerings for its clients.

Under the terms of the agreement, Citi Wealth will leverage Allfunds’ technology platform to provide enhanced speed and execution for its clients.

The Allfunds platform will seek to enable streamlined trade execution, settlement, and reconciliation processes.

Furthermore, as a new sub-distributor for Allfunds, Citi Wealth will use the full scope of the platform to improve the availability of third-party investment offerings.

Citi Wealth is aiming to launch these services for Citi Private Bank in EMEA later this year, while additional regions are expected in 2026 and 2027.

Commenting on the announcement, Citi Wealth head of alternatives and investment manager solutions, Daniel O’Donnell, said: “We are focused on establishing strong partnerships with best-in-class providers to support growth and innovation across Citi Wealth.

“Our partnership with Allfunds is an important step in our efforts to strengthen and simplify our business and enhance our client and banker experience.”

Allfunds chief commercial officer, Gianluca Renzini, added: “Citi Wealth brings deep expertise in client solutions and wealth management to everything they do.

“This collaboration supports our position as a premier technology partner for top-tier firms like Citi in addressing market changes and continuing to deliver the outstanding service their clients expect.”

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