Alert iconWarning: Unsupported web browser

In View no longer supports your current web browser version, which means some functionality may be limited. Please update your browser for the best experience before you log in.

close icon
Citi Private Bank logo

Unsupported browser

Our website no longer supports your current web browser version, which means you are no longer able to access this website. Please update your browser to continue.

Continue

Escrow & agency services

We offer flexible and integrated escrow services, providing efficient administration and risk mitigation for your transactions.

Escrow & agency services
Brown spiral tunnel
Business man looking out in the distance

Increasingly complex and multi-jurisdictional business transactions demand efficient administration and risk mitigation.

This frequently requires funds, other assets or paperwork to be placed in escrow until various conditions are met.

Choosing the right escrow agent is therefore crucial to the completion of your business transactions.

As one of the world’s leading financial services organizations, Citi can serve as a neutral third-party escrow and depository agent.

We can receive, safeguard, service and disburse assets, including cash, securities and physical documents.

Through our Private Bank escrow team, Citi can facilitate a broad range of transactions in escrow.

These include mergers and acquisitions, litigation and settlement, restructuring.

We can also facilitate specialized or tailored transactions, involving environment, entertainment and sports, estate settlement, and private equity, ERISA and SPAC.

Escrowed securities are held in fully segregated accounts, separate from the assets of Citi.

Our dedicated and experienced escrow specialists stand ready to help meet your expectations and turnaround time.

Our escrow team works with clients to drive execution of escrow accounts associated with Mergers & Acquisitions, Corporate Restructuring, Litigation and other major transactions that require a level of risk mitigation.

Murtuza Rasiwala
Head of Banking, Custody, Escrow and MSBF - Americas
How we serve you
Flexible solutions
We can adapt your existing escrow agreement – including those from other institutions – or utilize our customizable standard agreement.

You can combine closing, paying and disbursing agent services with escrow agency services, utilizing a single provider for your post-closing needs.

We offer a range of cash deposit accounts1, with varied tenors and interest-bearing choices, including US-based foreign currency-denominated accounts (FDIC insured), and investment custody accounts with sweep capability into various investment vehicles.

Security, transparency and integration
In addition to keeping assets safe, our escrow service offers transparency and access to related services.

We hold escrowed securities in fully segregated accounts,separate from the assets of Citi.

We enable the monitoring of daily escrow account activity, recordkeeping, and reporting.

We also provide access to foreign exchange trading, world-class investment management, and global payment services.

Global execution
Our local escrow services are augmented with access to Citi’s global network spanning 160+ countries and jurisdictions.

We offer US-based foreign currency denominated accounts,1 trading services, including foreign exchange capabilities, as well as cash management and payment services for seamless cross-border execution.

Meet our people

Murtuza Rasiwala caricature
Murtuza Rasiwala
Head of Banking, Custody, Escrow & MSBF
Americas
“Our dedicated team is experienced in structuring bespoke strategies to provide clients liquidity using their financial assets as collateral”

Murtuza leads a team of banking, custody, escrow and margin and securities backed lending professionals, who work with clients in North America and Latin America to address their financing, liquidity, safeguarding, portfolio administration, and risk mitigation needs.

Murtuza has over 15 years of private banking and margin lending experience. Previously, he was the Global Head of Margin and Securities Backed Lending at Citi Private Bank. Earlier in his career, he was a member of the Private Bank Investment Finance team for nine years, based in Asia. 

Murtuza holds an MBA in finance and the Chartered Financial Analyst and Financial Risk Manager designations.

close icon
Murtuza Rasiwala caricature
Murtuza Rasiwala
Head of Banking, Custody, Escrow & MSBF
Americas

Murtuza leads a team of banking, custody, escrow and margin and securities backed lending professionals, who work with clients in North America and Latin America to address their financing, liquidity, safeguarding, portfolio administration, and risk mitigation needs.

Murtuza has over 15 years of private banking and margin lending experience. Previously, he was the Global Head of Margin and Securities Backed Lending at Citi Private Bank. Earlier in his career, he was a member of the Private Bank Investment Finance team for nine years, based in Asia. 

Murtuza holds an MBA in finance and the Chartered Financial Analyst and Financial Risk Manager designations.

close icon

Insights

See our insights and the issues that matter for your wealth.

View all insights

Global citizens

The Private Bank exists to serve a very special community. Hear the stories of global citizens in their own words.

Alan Faena leaning against wallclose icon
Global Citizens
Experience creator
ALAN FAENA

“Giving new life to a city is one of the most beautiful things that anyone can do,” says Alan Faena, as he looks out on the Miami neighbourhood that now bears his name. “It’s one of the things I’m most proud of, both here and back home in Buenos Aires. These are my gifts to the people, not only for today’s generation but also for future generations.” And what a gift the Faena District is indeed.

Spanning five blocks adjacent to the white sands of Miami Beach, the neighborhood is nothing less than an urban oasis of sensory delights. Its buildings – old and new – somehow fuse perfectly with their natural surroundings. Absolutely nothing is mundane here, not even the multistory parking garage, whose exterior could easily pass for that of an ultra-modern cultural center or designer shopping mall. Incidentally, the Faena District also possesses both of those things.

Learn more

Adriana Cisneros sitting at a desk smilingclose icon
Global Citizens
Adriana Cisneros
ADRIANA CISNEROS

“I think it’s something like less than one third of family businesses that make it from the first to the second generation and half of those don’t make it to the third generation,” says Adriana Cisneros. “I’m the third generation in our business, so I really hope I’m going to be one of those that survives. Who knows, I might completely mess up, but hopefully not.” Messing up seems a rather unlikely prospect going by Adriana’s record to date. The company is in robust health under her leadership. She has recently returned from a whistle-stop tour of Central and South America, where Cisneros Interactive has become the sole reseller of Facebook in nine countries, the only nations on earth where the social media giant will not manage its own sales.

Facebook chose to work through Cisneros Interactive because it already has the region’s most advanced advertising network. “I started Cisneros Interactive, our digital division four years ago,” says Adriana. “Our aim from the outset has been to create the largest advertising network in Latin America and also the smartest. When we began, others were trying to do similar things, but in a very country-specific way. No one really dared to do it pan-regionally. I used the same architecture to build the business that my father did when he brought satellite television to Latin America three decades ago.”

Learn more

Sid brown headshotclose icon
Global Citizens
The Brown family & NFI: Keeping North America running
SID BROWN

I went to Georgetown University, where I majored in finance. After graduation, I went to New York, where I worked for two years in investment banking at Morgan Stanley, before attending Harvard Business School. At that point, I had to decide if I wanted to go back into investment banking or return to the family business. It was 1983 and NFI was primarily a trucking business with very small warehousing, real estate, and truck leasing components.

I’m not completely sure exactly what I was thinking at the time, but I probably felt a certain obligation to join the family business. I’d kind of grown up within NFI. From junior high school onwards, I’d always helped out at the company during summer vacations. I’d worked in the maintenance shop and as a loader in the warehouse. We had always discussed business around the family table as far back as I can remember. So I guess you could say it was in my blood.

When I entered the business, I also had two brothers and a sister working alongside me. So I not only had to figure out how to work with my father, but also with my siblings too. As we were coming up through the ranks, our father wisely refused to appoint any of us as his successor. ‘If I pick one of you,’ he said to us, ‘the others will always resent me and our relationship will suffer.’ Instead, he told us to work it out among ourselves, after which he would sell the business to us.

Learn more

Amersi headshotclose icon
Global Citizens
Fighting an asymmetric war
MOHAMED AMERSI

Problem-solving and progress-making are second nature to Mohamed Amersi. For many years, he worked as a lawyer for two of the world’s leading firms, focusing upon highly complex equity-related deals. He subsequently set up his own advisory and investment firm specializing in technology, media, and telecoms. In 2015, he and his family created the Amersi Foundation, which particularly supports causes relating to education, poverty, conflict, and social cohesion.

The pandemic has definitely felt like a war at times. But it’s an unusual, asymmetric kind of war. The enemy we’re fighting is one that we can’t see or touch. It doesn’t deploy tanks, fire bullets or have a nuclear arsenal. But it does have hidden bases in pretty much every single part of the Earth. And our current weaponry is unable to defeat this enemy – an enemy that is only interested in killing us.

Like most people, I have had to learn a lot very quickly about COVID-19. I had no in-depth understanding of what ‘triaging,’ ‘social distancing,’ and ‘self-isolation’ were all about. We’ve all learned a completely new lexicon, a new way of living and have a new way of thinking about things. It’s a strange paradox, but we’ve had to stay apart in order to come together against this pandemic.

Learn more

Contact us

To help us put you in touch with the right advisor or team, please answer the following questions.

1In the Americas, deposit products are booked in the US through Citibank, N.A., Member FDIC. Not CDIC insured. In the Americas, custody services are provided by Citibank, N.A. in the US.

Escrow and agency services are not available in Hong Kong and Singapore.

Close Contact Form
Close Modal

You're about to leave the Citi Private Bank website

By clicking continue, you will visit a third-party website that is not owned or managed by us.

We have no control of the content, privacy or security beyond this point.

Continue

Stay on this page