On Tuesday, Shares of Citigroup Inc. (NYSE:C), lost -0.38% to $57.55.
Citigroup declared that it has reached a definitive agreement to sell its Alternative Investor Services business, which comprises Hedge Fund Services and Private Equity Fund Services, to SS&C Technologies Holdings, Inc. The entire operations of this business, counting about 1,500 employees, will be transferred to SS&C upon closing.
This transaction is a positive outcome for Alternative Investor Services, counting its employees and clients. As a result of this deal, Alternative Investor Services will become part of a known leader in financial services with a demonstrated track record of delivering high-quality products and services to its clients.
The financial terms of the transaction are not material to Citi. The deal is predictable to close in the first quarter of 2016, and is subject to regulatory approvals and other customary closing conditions.
Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).
Shares of MetLife, Inc. (NYSE:MET), declined -0.40% to $54.28, during its last trading session.
MetLife declared that it has declared a third quarter 2015 dividend of $0.25555555 per share on the company’s floating rate non-cumulative preferred stock, Series A (NYSE: METPrA). The dividend will be payable Sept. 15, 2015, to shareholders of record as of Aug. 31, 2015.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa.
Finally, Lumber Liquidators Holdings, Inc. (NYSE:LL), ended its last trade with 5.95% surge, and closed at $14.96.
Lumber Liquidators Holdings declared the hiring of Jill Witter as the Company’s Chief Compliance and Legal Officer. Ms. Witter will report directly to Founder and Acting Chief Executive Officer, Thomas D. Sullivan, and has been consulting and advising the Company’s Compliance team since early July.
Ms. Witter brings with her a deep background in compliance and legal experience in forest products, serving as General Counsel at Rayonier Inc. and the Forest Resources Division of the International Paper Company. Under her leadership as General Counsel and Ethics and Compliance Officer at Novation LLC, the company earned the Ethics Inside Certification from the Ethisphere Institute and was named to Ethisphere’s lists of the World’s Most Ethical Companies for the past three years.
Ms. Witter’s duties will comprise directing all aspects of legal matters, counting complex litigation administration, compliance and compliance program development, quality assurance and public affairs for the Company.
Lumber Liquidators Holdings, Inc., together with its auxiliaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories.
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