The move of this size has been described as pioneering, with many other fund managers also looking to transition into the ETF space.
A year after its long-serving chairman stood down, Euroclear finds replacement in 38-year Citi executive.
Fund accounting, transfer agency and reporting services to cover $70 billion in assets for one of Hong Kong’s largest insurers.
The funding round comes three months after Citi was appointed by BondEvalue as the custodian for the underlying bonds traded on its platform as tokenised assets.
An overview of the first documentary launched during Leaders in Custody Week as sub-custodians discuss a shifting landscape, plus find out more about our Innovation Award winners and the newest GC Legend.
Overwhelming percentage believe digital assets will become dominant over time, while 63% of over 200 survey participants have already begun developing a strategy.
Citi’s custody and fund services team has been successful to win a number of key mandates from regional asset managers.
Citi has made a number of strategic moves to transform client services and its operational framework. Christopher Cox, global head of data, digitalisation and strategic projects and head of securities services for EMEA at Citi, explains to Global Custodian the experience of these transformative projects.
The newly created operations and technology transformation office is part of the bank’s multi-year transformation strategy.
The head of client services and head of Sydney office at Northern Trust takes on the role of chair for the Australian custody group.