Citi has won a mandate to provide third-party securities lending services for Global X Funds family of exchange traded funds.
Citi provided the right combination of leading expertise, risk management capabilities and flexibility to tailor its securities lending program to the specific characteristics and requirements of Global X Funds, says Bruno Del Ama, CEO of Global X Funds. The global reach of Citis transaction services business is a great complement to our global asset management business.
Through OpenLend, Citi delivers an open architecture that provides access to agency, third-party, hybrid and exclusives lending.
Neeraj Sahai, global head securities and fund services at Citi, adds, We greatly look forward to strengthening our relationship with Global X Funds by leveraging our capabilities both across Securities and Fund Services and across the entire Citi enterprise.