Citi will provide third-party securities lending services for Hartford Funds mutual funds.
Martin Cosgrove recently resigned from the board of Equilend Europe.
Deutsche Bank's survey showed demand for hybrid private equity/ hedge fund vehicles have seen an upward trend, with 38% of respondents investing in these products.
The appointment signals a bid to revitalise the business, two years after Nomura significantly re-sized its European prime brokerage unit.
Citi’s plans to go live with a fund administration service for European exchange traded funds (ETF) in 2018.
The Repo Order Quote service provides traders with the ability to quote and execute repo trades on aggregate basis.
Hooley told Global Custodian the bank is underway with a number of pilot blockchain programmes to streamline and automate processes.
The custodian bank is looking to allow its clients to access a new source of much-needed liquidity in the FX space.
Noel Kimmel, who founded Cantor Fitzgerald's prime brokerage business in 2009, has left to join Cerberus Capital Management.
REGIS-TR will work with IHS Markit on interoperable SFTR reporting solution.