New York (Press Release) – Citadel Solutions announced today that it has changed its name to Omnium, effective immediately. This name change reflects the continuing evolution of the state-of-the-art hedge fund administrator, which has grown significantly since it began in 2007.
“We chose the name Omnium because it signifies excellence and agility across all disciplines,” said John Buckley, President of Omnium. “We have an unrelenting spirit of problem solving that drives our ability to deliver innovative solutions. Our business has rapidly expanded as we have reacted swiftly to market trends, and provided our clients with an industry-leading platform supported by superior people, processes and technology.”
Last month, Omnium announced that it had been selected by Lehman Brothers Holdings Inc. (LBHI) to provide administration services, including the creation of an asset servicing platform. After a lengthy search, LBHI selected Omnium because it has the capabilities to service LBHI’s complex and diverse asset portfolios. The retention on an interim basis was approved on August 26th by the bankruptcy court and is subject to the negotiation and execution of definitive documentation.
Launched in 2007, Omnium provides world-class, technology-driven fund administration and reporting services to hedge funds and financial institutions that operate across a broad spectrum of investment strategies. With more than $25 billion in assets under administration, Omnium leverages Citadel’s best-in-class infrastructure and leading-edge technology to provide Operational Alpha(R) to its clients.