Fubon Fund Management (Hong Kong) Limited, a Taiwan-based manager, has appointed Citi as service provider for its first ETPs launched in Hong Kong. Citi will act as trustee and will also provide fund accounting and custody services.
Category: Citi
Citi goes live with Proxymity in 10 markets
Proxymity, the digital proxy voting platform that was spun out of Citi‘s securities services business in 2020, has gone live with Citi for proxy voting services for institutional clients in ten markets: UK, Germany, Netherlands, Belgium, Ireland, Austria, Spain, France, Portugal and Australia.
Citi adds ESG functionality to Clarity data platform
Citi has incorporated ESG scores into its securities services data platform, Citi Velocity Clarity, allowing clients to analyse the sustainability exposure of their holdings at the portfolio and security level. Citi recently announced a major upgrade to Clarity, including enhancements to the universe of available data, custom reporting capabilities and API functionality. Citi has developed…
Citi launches sec lending solution for wealth managers
Citi has launched the first fully automated securities lending solution for wealth management firms, in partnership with fintech firm Sharegain. Through Citi’s solution, wealth managers can deliver a securities lending program to their clients, giving them the opportunity to earn additional revenue on their stocks, bonds and ETFs, without developing an internal program from scratch.…
BondEvalue appoints Citi as bond custodian
Citi has been selected by BondEvalue Pte Ltd to act as a custodian for the underlying bonds traded on BondbloX, its digital exchange for fractionalized assets. Under the agreement, Citi will provide asset safekeeping and servicing solutions. BondEvalue, a Singaporean fintech company founded in 2016, launched the world’s first fractional bond exchange in 2020 after…
Citi appoints David Brown to senior APAC client role
Citi has appointed David Brown as Asia Pacific head of client executive and account management for custody and fund services. Based in Hong Kong, he reports to Irimga McKay, global head of client executives and account management for custody and fund services, and David Russell, Asia Pacific head of securities services and Hong Kong head…
Citi to service OFC ETFs for Mirae
Mirae Asset Global Investments (HK) Limited has appointed Citi as OFC custodian and provide fund administration and ETF services for the launch of two OFC ETFs: an inaugural active ETF – Global X China Innovator Active ETF – and a passive ETF – Global X China Global Leaders ETF. Both invest in equities of companies…
Nordea to recommend Citi as it exits Nordic sub-custody business
Citi and Nordea have finalised an agreement where Nordea will recommend its existing clients appoint Citi as their new provider of sub-custody services in the region. This follows a decision by Nordea to exit the Nordic sub-custody business. As a result of this agreement, Citi expects to significantly grow its market share in the Nordics.…
BNY Mellon launches digital assets unit
BNY Mellon has established a Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies. The cross-functional, cross-business team, which will be led by Mike Demissie, head of Advanced Solutions at BNY Mellon, is currently developing…
Citi hires two senior regional sales heads from State Street
Citi has made two senior sales appointments in its custody & fund services (CFS) business. Maria Cantillon joins as head of CFS sales for EMEA, a position that has been open since Matthew Bax moved to run the direct custody & clearing business in 2020. She will report to Sanjiv Sawhney, global head of CFS,…