Citi wins ETF servicing mandate from Emles Advisors 

Citi will provide custody and fund administration to four new ETFs launched by Emles Advisors.

By Joe Parsons

Citi has been appointed by US asset manager Emles Advisors to provide securities services for its new family of exchanged traded funds (ETFswhich were launched this month. 

As part of the mandate, Citi will provide fund administration, global custody, transfer agency and ETF services to the new range of funds. 

“We are proud to have been selected by Emles as their partner for growth as they bring their first ETFs to market,” said Dominic Crowe, North America head of custody and fund services at Citi. “This is the beginning of a new journey for Emles, and we look forward to supporting their progress as they expand their business.”  

Emles Advisors is a new asset management firm based in New York, dedicated to identifying and developing differentiated investment strategies across private and public markets, for retail investors, financial advisors and institutional clients. 

Initially, Emles launched four new ETFs which included an equity fund that seeks to benefit from the shift towards more time spent at home. It also plans to launch additional funds that will be supported by Citi. 

We chose Citi Fund Services as our ETF servicing agent because of their proven track record supporting innovation and their ability to bring new products to market quickly,” said Gabriel Hammond, founder and CEO, Emles Advisors. “We look forward to growing our business with the support of Citi fund services’ platform.” 

Last year Citi announced the expansion of its ETF custody and administration platform with the global rollout of its ACES (Advanced Citi ETF System) technology that allows Citi to automate the full ETF life cycle from basket creation to order processing and settlement.  

Citi stated Emles Advisors will benefit from its state-of-the-art technology and fund services expertise, joining a growing list of ETF issuers, both new and established, in choosing the bank as their ETF servicing provider. 

Earlier this week, it was appointed by Samsung Asset Management in Hong Kong to provide securities services for the country’s first real estate investment trust (REITs) exchange traded fund (ETF).