Citi to provide securities services to CSOP Asset Management’s first OFC ETF
The mandate extends Citi’s comprehensive ETF servicing mandate with CSOP Asset Management in the Asia-Pacific region.
The mandate extends Citi’s comprehensive ETF servicing mandate with CSOP Asset Management in the Asia-Pacific region.
The acquisition of RBC’s Australian custody business has changed Citi’s position in the market and expanded its offering to a broader mix of clients, according to Martin Carpenter, head of securities services at Citi Australia.
Deutsche Bank’s sub-custody business dealt a huge setback as its biggest client severs ties, casting a shadow over the German securities services provider’s future.
The tool will provide a single service for the allocation and placement of fund orders between advisor clients and fund providers.
The move is the latest in Citi’s efforts to grow its securities services capabilities in emerging and frontier markets.
Citi, HSBC and Standard Chartered all successful facilitate margin financing and securities borrowing transactions in China for global investors under the Qualified Foreign Institutional Investors (QFII) scheme.
The new launch expands Citi’s existing relationship with Tuttle Tactical Management where it has provided fund services to its ETF since 2019.
The move follows its acquisition of RBC’s Australian custody business back in March.
Dimensional recently announced plans it would convert six of its mutual funds into actively management, semi-transparent ETFs.