Citi has selected METACO to develop and pilot digital asset custody capabilities. Citi intends to integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize, into its existing infrastructure, to develop and pilot digital asset custody capabilities.
Category: Citi
Mark England to run Citi’s ANZ securities services business
Citi has appointed Mark England as head of securities services for Australia and New Zealand. He replaces Martin Carpenter, who retires after 13 years in the role. England, who is currently based in Hong Kong as head of custody & fund services sales for Asia Pacific, will relocate to Australia. He will retain his existing…
Citi makes European management changes
Citi has announced some senior management changes in Europe: Alex Todd has been appointed head of securities services for Europe. He will report to Maria Cantillon, EMEA head of securities services sales, Kristen Braden, and Bryan Murphy, global head of bank sales. He will continue in his role as EMEA head of bank sales. He…
Ultimus teams up with FundGuard for contingent NAV solution
Ultimus Fund Solutions is to offer its investment manager clients an enhanced contingent NAV solution utilising FundGuard’s platform. The FundGuard solution allows Ultimus to offer clients additional services to calculate real-time contingent NAVs for their registered funds. Clients can also use the solution for shadow NAV monitoring as an oversight to the normal daily NAV…
FundGuard closes USD40m funding round
FundGuard, the AI-powered SaaS investment management and asset servicing enterprise platform, has closed a USD40m Series B funding round. The investment round included large strategic investors, Citi and State Street, who joined initial investors Blumberg Capital, LionBird Ventures, and Team8 Capital, inter alia, to back the company’s future-ready technology approach to asset servicing. This latest…
Broadridge hires new president of asset management solutions
Broadridge Financial Solutions, the U.S.-based fintech, has appointed Mike Sleightholme as president of its asset management solutions business. He will be responsible for driving Broadridge’s global asset management business growth, the strategic execution of client and market-focused solutions, and service delivery. Broadridge Asset Management Solutions supports hedge funds, asset managers, family offices, private debt/CLO managers,…
Copper hires COO
Copper, the UK-based provider of custody and prime services for digital assets, has appointed Sabrina Wilson as chief operating officer. She was previously at Citi, where she was the global co-head of the futures, OTC clearing and FX prime brokerage business.
Sharegain raises USD64m
Sharegain, a UK-registered securities finance fintech, has raised USD64m in a series B round led by WestCap and joined by Citi, EJF Capital LLC and Optiver PSI. Participating existing investors include Maverick Ventures Israel, Blumberg Capital, SixThirty, Rhodium, and the Kessler family office.
Citi links to Bloomberg’s BSKT
Citi and Bloomberg have integrated Bloomberg’s BSKT service with Citi’s proprietary ACES ETF platform to better support Citi’s ETF clients who use BSKT to negotiate fixed income baskets. BSKT is a primary market solution for negotiation, ticketing and routing ETF creation and redemption transactions. ACES features a suite of workflow tools that fully automate the…
Citi China links to BSE
Citi China has established a clearing and settlement solution with China Securities Depository and Clearing Corp. Ltd. (CSDCC) Beijing Branch to support clearing and settlement activities for the new Beijing Stock Exchange and the National Equities Exchange and Quotation Co., Ltd (NEEQ). This makes Citi one of the first international banks to do so for…