Hedge fund administrator Citadel Solutions has changed its name to Omnium.

Hedge fund administrator Citadel Solutions has changed its name to Omnium.

"We chose the name Omnium because it signifies excellence and agility across all disciplines," says John Buckley (pictured), 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 was selected by Lehman Brothers Holdings to provide administration services, including the creation of an asset servicing platform. The retention on an interim basis was approved on 26 August  by the bankruptcy court and is subject to the negotiation and execution of definitive documentation.

Launched in 2007, Omnium provides technology-driven fund administration and reporting services to hedge funds and financial institutions that operate across a broad spectrum of investment strategies.