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…
Category: Citi
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.
Citi launches host-to-host link with Taiwan Depository & Clearing Corp.
Citi has launched a host-to-host connection with Taiwan Depository and Clearing Corporation which allows Citi to offer its clients near-real-time trade status and settlement confirmations for certain equity settlements, including securities borrowing and lending and ETF activities. Citi claims to be the first custodian bank in Taiwan to use host-to-host connectivity for intraday feeds and…
Citi wins USD600m servicing mandate for Russia’s first ETF issuer
Citi has been awarded the mandate to provide ETF services for the full fund range of FinEx ETF, Russia’s first ETF issuer. Under the agreement, Citi will service FinEx’s 13 ETFs, coveringUSD600m in assets. Citi will provide a range of services across custody, fund administration and basket services, as well as distribution support through Citi…