Citigroup Partners With Swiss Bourse in Private Markets Push (1)

Citigroup Inc. is partnering with Switzerland’s stock exchange SIX Group AG as part of a push by the Wall Street lender to make it easier for investors to settle and store their private markets holdings.

The New York-based bank will use a platform operated by SDX, a subsidiary of SIX, to offer shares in late-stage, pre-IPO companies to investors, according to a statement. The offering will be available starting in the third quarter.

“Private markets is a major and growing opportunity,” Marni McManus, Citigroup’s country officer and head of banking for Switzerland, Monaco and Liechtenstein said in the statement. ...