Citi has launched its service in Australia to support dual-access, fully transparent ETFs. It has recently supported the launch of three dual-access ETFs on the ASX by Dimensional Fund Advisors, a U.S. manager that has been a Citi client since 2012.
Category: Citi
Gen II hires bus dev MD
Gen II Fund Services, the independent private equity administrator, has hired Jeff Rosen as managing director of business development. Rosen joins from Ultimus LeverPoint, where he spent a year, and has also worked at Citco and Citi.
Citi appoints new FX head
Citi has appointed Diana Shapiro as global head of FX for its securities services business, based in New York. She was previously head of FX & collateral services for North & Latin America.
Salvage joins Amundi
Peter Salvage has joined Amundi Technology as global head of consulting relations and strategic partnerships. Salvage was most recently at Enfusion, and has also worked at BNY Mellon and Citi.
Citi shakes up securities services management
Following its corporate shake-up in September, Citi’s business units are now undergoing significant change. Under the continued leadership of Okan Pekin, the securities services business has already made some initial moves, with a number of senior management changes that align the unit with the corporate direction and structure. Some notable changes include: a new global…
Vistra appoints Lux country head
Frank Roden has joined Vistra as country head for Luxembourg. Roden spent 22 years at BNP Paribas. He replaces Jervis Smith, who took the post in 2019 after a long career at Citi.
Osman joins BNPP
Ali Osman has joined BNP Paribas as custody product manager and sovereign wealth fund specialist, based in the UK. Osman spent more than 15 years at Citi, most recently as director, global custody product management.
Citi invests in Transcend
Transcend, a U.S.-based provider of liquidity, funding, and collateral optimisation solutions, has onboarded Citi as its latest investor. The investment was made through Citi’s strategic investments arm. Citi’s funding will support Transcend’s ongoing global roll-out of its solutions. Citi as the third global bank to invest in the fintech firm. Additionally, a long-term business agreement…
Citi acts as IPA for first DNN issuance
Citi has acted as the issuing and paying agent for the first digitally native note (DNN) issuance under English law via Euroclear’s digital financial market infrastructure (D-FMI) DLT platform. The EUR100m 3-year DNN was issued by the World Bank (IBRD) and listed on the Luxembourg Stock Exchange.
Citi settles first trades through Synapse
Citi has settled trades for China Asset Management (Hong Kong) on the Hong Kong Exchanges and Clearing Limited (HKEX) Synapse platform, which recently went live. These were among the first trades executed and settled on Synapse, HKEX’s integrated settlement acceleration platform designed to complement the existing Northbound Stock Connect post-trade infrastructure. Citi claims to be…