Citi wins ETF servicing mandate from Tuttle Tactical Management

The new business expands Citi’s existing relationship with Tuttle Tactical Management to include its new Trend Aggregation range of ETFs.

By Joe Parsons

Citi has been appointed by US asset manager Tuttle Tactical Management to provide full exchange traded fund (ETF) services for its new Trend Aggregation range of ETFs 

The mandate includes basket creation, fund accounting and administration, custody, fund compliance, and transfer agency services.  

“Citi’s holistic approach and innovative ETF platform were core factors in our choice of service providers. We look forward to expanding our strategic partnership with Citi as we execute our future growth plans,” said Matt Tuttle, CEO/CIO of Tuttle Tactical Management. 

The new business expands Citi’s existing relationship with Tuttle Tactical Management, where it has provided fund services to the Belpointe Asset Management Tactical Income ETF – which is sub-advised by Tuttle – since its launch in June 2019. 

“Citi is committed to providing end-to-end ETF solutions for innovative asset managers like Tuttle Tactical as we continue to invest in ETF capabilities across our markets and securities services businesses,” said Dominic Crowe, North America head of custody and fund services, Citi. 

Last year, Citi launched its Advanced Citi ETF System (ACES), a new technology platform that fully automates the entire ETF lifecycle from basket creation to order processing and settlement. 

The bank then used the ACES platform to go live with a new European ETF administration service, giving it a global ETF servicing capability.  

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