Citi has been selected by CSOP Asset Management, the Hong Kong-based asset manager, to provide custody, fund administration and trustee services for the launch of its first ETF (CSOP STAR 50 Index ETF) in the form of an open-ended fund company. Chen Ding, CEO of CSOP Asset Management, said: “We are extremely excited to be…
Category: Citi
Citi launches dynamic fund order processing service
Citi has launched a new service for advisor clients that automates the allocation of cash across a range of funds and manages all aspects of order processing between advisor clients and fund providers. With its Dynamic Allocation and Fund Order Processing service, a client can send an order through industry standard or proprietary messaging to…
Perpetual switches to State Street in Australia
Perpetual Investment Management Limited, the Australia-based asset manager, has appointed State Street to provide custody and fund administration services. State Street will provide core custody, middle office, administration, valuation, accounting and tax reporting services to the funds managed by Perpetual. In addition, Perpetual will leverage State Street’s enterprise data platform to manage data across the…
HQLAx secures new funding for collateral platform
HQLAᵡ, the Luxembourg-based fintech provider, has secured EUR14.4m Series B funding from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup and its existing shareholder, Deutsche Börse. The funding will be used to accelerate the core premise of the HQLAᵡ platform – helping the industry address European collateral fragmentation by extending its connectivity to leading…
Citi & HSBC facilitate first QFII MF&SS transactions in China
Both Citi and HSBC have announced their facilitation of margin financing and short selling transactions in China on the first day that offshore investors have been allowed to participate in MF&SS transactions on the Shanghai and Shenzhen stock exchanges under the QFII scheme. Both banks have been market leaders in supporting global investors through the…
Citi to support SPAC ETF for Tuttle Tactical Management
Citi has expanded its ETF franchise with its support of the first actively managed Special Purpose Acquisition Company (SPAC) ETF from Tuttle Tactical Management, which launched the fund on December 16. Citi is providing fund accounting and administration, custody, fund compliance support services, transfer agency and ETF services for the new fund. This mandate expands…
Citi appoints Justin Burman to lead fund services in Australia
Citi has appointed Justin Burman as Australia product head for fund services. The appointment comes as Citi continues to transition clients from RBC, following a client transfer agreement finalised in March 2020. Burman has worked at BNP Paribas and, most recently, at RBC.
Citi to administer SLAM’s first Hong Kong-registered index fund
Citi has been appointed by Sun Life Asset Management (HK) Limited as trustee, custodian, fund administrator and transfer agent for the Sun Life AM Hong Kong ESG Index Fund, Sun Life’s first fund to be registered in Hong Kong. The fund will track the Hang Seng ESG 50 Index.
Citi to service REITs ETF for Samsung AM in Hong Kong
Citi has been appointed by Samsung Asset Management (Hong Kong) Limited to provide custody, fund administration and trustee services for the first pure real estate investment trusts (REITs) ETF to be set up and listed in Hong Kong. Samsung launched its S&P High Dividend APAC ex NZ REITs ETF on the Hong Kong Stock Exchange…
Citi to service new family of ETFs for Emles Advisors
Citi has been appointed by Emles Advisors to provide securities services for its new family of four ETFs. Citi will provide fund administration, global custody, transfer agency and ETF services. Emles Advisors is a new asset management firm based in New York.