Citi Securities Services Wins ETF Mandate from Asset Manager Nuveen
2024年6月28日 - 8:15PM
ビジネスワイヤ(英語)
The mandate includes the addition of 23 new
ETFs of approximately US$9 billion to Citi’s expanding ETF Services
business
Winning a new mandate from asset manager Nuveen, Citi Securities
Services’ ETF Services business has onboarded 23 new ETFs with
approximately US$9 billion in assets in North America. The book is
comprised of both transparent and non-transparent ETFs.
The mandate further expands Citi’s relationship with Nuveen, an
existing Markets client. Its parent company, TIAA, is supported by
Securities Services and Treasury and Trade Solutions. Leveraging
the increasing connectivity across the bank’s various businesses,
Citi is addressing client needs more holistically and across
multiple areas.
“We are excited to further expand our relationship with Nuveen
across Citi. With this mandate, we are committed to using our
global network and fund accounting expertise to provide Nuveen with
a seamless client experience as we continue to expand our ETF
Services business globally,” said Peggy Vena, Head of ETF Services
for Citi Securities Services.
Leveraging Citi’s global Advanced Citi ETF System (ACES), Nuveen
will benefit from automated processing across the entire ETF
lifecycle, from basket creation, order processing to settlements,
and daily order management of positions via real-time updates in
the Investment Book of Record (IBOR).
“As an existing client, we look forward to further partnering
with Citi in support of our ETFs,” said Briton Ryan, Head of ETFs
at Nuveen.
Citi ETF Services supports 12 markets as the business continues
to expand. From 2021 to 2023, Citi added US$425 billion in ETF
assets under administration.
Citi continues to make focused investments to enhance its ETF
servicing capabilities to meet clients’ operating requirements and
changes in the market landscape. Earlier this year, Citi added FIX
API connectivity to its ACES platform to benefit clients and market
participants in a T+1 environment. The ETF Services business was
also appointed to support the first covered call ETFs listed in
Hong Kong.
With a focus on enabling the investment process and
approximately US$24 trillion1 in assets under custody and
administration, Citi Securities Services goes beyond borders to
holistically support securities activity wherever clients need
us.
Our integrated suite of services, across Custody, Execution,
Fund and Issuer Services, and advanced data capabilities, connects
and serve clients across the entire trade and investment ecosystem.
With a leading proprietary network and universal banking
capabilities, we combine the right fit of solutions to help grow
our clients’ business into the future.
About Citi
Citi is a preeminent banking partner for institutions with
cross-border needs, a global leader in wealth management and a
valued personal bank in its home market of the United States. Citi
does business in more than 180 countries and jurisdictions,
providing corporations, governments, investors, institutions and
individuals with a broad range of financial products and
services.
Additional information may be found at www.citigroup.com
| X: @Citi | LinkedIn:
www.linkedin.com/company/citi | YouTube:
www.youtube.com/citi | Facebook:
www.facebook.com/citi
_______________________ 1 As of Q1, 2024
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240628423258/en/
Media Contact: Harsha Jethnani harsha.jethnani@citi.com
+65 93830872
Citigroup (NYSE:C)
過去 株価チャート
から 8 2024 まで 9 2024
Citigroup (NYSE:C)
過去 株価チャート
から 9 2023 まで 9 2024