The seismic shift from active to passive management spells significant implications for traditional investment managers.
Citi merged its equities, prime brokerage and securities services businesses into one unit in July, with an aim to capture greater market share.
Citi aims to capture increased business from existing and prospective hedge fund clients by offering a full coverage of pre- and post-trade services.
Citi launched the Clarity Velocity platform for its custody and fund services business in 2018, and has subsequently earned industry-wide recognition.
Citi’s securities services business has used the Multifonds platform for its fund administration technology for more than a decade.
Citi wins custody mandate from Astana International Exchange (AIX) central securities depository (CSD) in Kazakhstan.
Citi has leveraged the ISDA SIMM model to launch a new regulatory margin calculation service for buy-side firms that come into scope from 2020 and 2021.
Clearstream’s current strategy has been focused on the continued rollout of its InvestorCSD, and the expansion of its investment fund services business.
From Citi to United: Securities services veteran departs bank with view to purchase Premier League football club
The GC Legend and Citi's former global head of securities services sales left the bank last month to focus on his new investment firm ALK Capital.
The new role will oversee all of Citi's technology teams across the global and sub-custody businesses, as well as fund, securities and issuer services.