Citi will provide transfer agency for the asset manager's first Northbound fund under the Hong Kong-China Mutual Recognition of Funds (MRF) scheme.
Tag: Hong Kong
BNY Mellon has hired the former head of trustee services for Hong Kong at BBH for a newly created role within the International Trustee and Depositary division.
Through the new appointments, Northern Trust will continue its focus on delivering quality client service and innovative digital and data-driven solutions.
New appointments will be responsible for leading and executing the enterprise-wide business strategy, developing talent and managing existing relationships.
Citi’s custody and fund services team has been successful to win a number of key mandates from regional asset managers.
Citi’s services will also include portfolio composition file (PCF) creation and the use of its proprietary Advanced Citi ETF System (ACES) platform.
The mandate win for one of China's largest investment firms follows BNP Paribas Securities Services’ recent build-out of its ETF capabilities.
Intertrust Group has reshuffled its APAC leadership with the appointment of a new regional managing director and new head of its Hong Kong office.
The mandate extends Citi’s comprehensive ETF servicing mandate with CSOP Asset Management in the Asia-Pacific region.
Sun Life’s fund is one of a growing number of ESG funds approved by the Hong Kong Securities and Futures Commission (SFC).