Citi wins $4 trillion ETF middle-office services mandate from BlackRock
Collaboration, covering BlackRock’s US-domiciled iShares ETFs, is expected to enhance transparency across basket composition, order status and settlement.
Collaboration, covering BlackRock’s US-domiciled iShares ETFs, is expected to enhance transparency across basket composition, order status and settlement.
As part of the arrangement, Jupiter has consolidated back-office services for its offshore jurisdictions with BNY and outsourced its middle-office operations.
The mandate covers investment operations outsourcing, collateral management and currency management for the Dutch sustainable fixed income manager.
As part of the agreement, the custodian’s services will be integrated into BlackRock’s Aladdin platform.