Citi to provide back-office services to Fubon Fund Management’s first Hong Kong ETPs
Citi’s custody and fund services team has been successful to win a number of key mandates from regional asset managers.
Citi’s custody and fund services team has been successful to win a number of key mandates from regional asset managers.
Over the past year, State Street has established itself as the provider of choice for the active ETF market.
The redesign of its ETF servicing platform will enable it to support future demand for active and semi-transparent ETFs from European asset managers.
The ETF market is experiencing significant change with the migration of mutual funds to actively managed ETFs, as well as innovation in new product types. Shawn McNinch, global head of ETF product and sales, and Ryan Sullivan, head of US ETF services at BBH, explain how custodians and fund administrators are adapting.
Following a consultation with last year’s providers, Global Custodian has also introduced two new categories to the survey.
Citi’s services will also include portfolio composition file (PCF) creation and the use of its proprietary Advanced Citi ETF System (ACES) platform.
The head of BNY Mellon's ETF servicing business has left after more than three years with the bank based in Ireland.
The new launch expands Citi’s existing relationship with Tuttle Tactical Management where it has provided fund services to its ETF since 2019.
Dimensional recently announced plans it would convert six of its mutual funds into actively management, semi-transparent ETFs.
The mandate means State Street now services all four types of the semi-transparent, actively managed ETF structure.