Mirae Asset Global Investments, a Korea-based investment manager with USD218bn AuM, has appointed Citi Australia as provider of custody and fund administration services for its Australian traditional fund business. Kris Walesby, CEO, Mirae Asset Australia said: “We are delighted to partner with a highly experienced partner such as Citi as we strategically look at growth…
Category: Citi
Citi strikes deal with Taskize
Citi and Taskize, a Euroclear company, have struck an agreement through which Citi’s custody clients can leverage Taskize’s query management platform to directly connect to their Citi operations counterparts. This collaboration brings together Taskize’s structured workflow capabilities and Citi’s proprietary custody network to create a network effect between Citi, its counterparts and various market infrastructures…
Northern Trust partners with Snowflake
Northern Trust and Equity Data Science (EDS), in which Northern Trust has a strategic stake, have collaborated with Snowflake, the data cloud company, to enhance secure data sharing and onboarding for asset servicing clients using Northern’s Investment Data Science capabilities. Leveraging Snowflake’s data-sharing and cloud technology, Northern Trust and EDS can provide a better, faster…
BetaShares hires Citi for custody & fund admin
Citi has been appointed by BetaShares, an Australian fund manager, as provider of custody and fund administration services. BetaShares is said to manage the broadest range of ETFs in the Australian market, with AUSD21bn (USD15.5bn) AuM. In Australia, Citi has added 24 new clients in the past 18 months, primarily as a result of a…
Citi & SimCorp form data management alliance
SimCorp and Citi have formed an alliance through which Citi’s securities services business will integrate post-trade custody data with SimCorp to offer a front-to-back user experience for mutual clients. The collaboration brings together SimCorp’s technology and service solutions with Citi’s proprietary custody network to help clients with data consolidation and consumption, and enhance productivity. The…
State Street names new chief risk officer
State Street has named Brad Hu its chief risk officer, effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu was previously the chief risk officer at Citigroup.
Chris Cox heads for senior TTS role with Citi
Chris Cox has been appointed as global head of trade and working capital solutions in Citi’s treasury & trade solutions group (TTS). He will report to Shahmir Khaliq, global head, treasury and trade solutions, based in London. Cox is currently the global head of data, digital & strategic programs for securities services, EMEA head of…
Citi to administer first OFC for BEA Union Investment
Citi has been appointed by BEA Union Investment Management Limited as fund custodian and administrator for its first mutual fund restructure, converting five funds into an open-ended fund company (OFC). Citi has been providing custody and fund services, including fund accounting, transfer agency and FX share class hedging, to BEA Union Investment since 2013. Eleanor…
Citi wins first MO mandate in the Philippines
Citi has been appointed by Sun Life Investment Management and Trust Corporation as its middle office service provider in the Philippines. This mandate makes Citi the first bank in the country to onboard a middle office client. Sun Life Philippines is a financial services institution offering varied business lines including life insurance managed and distributed…
Citi & Vistra to service Food Securities Fund
The Food Securities Fund, which provides working capital loans to sustainable agriculture companies in emerging and developing markets, has appointed Citi as the fund’s central administration agent and depository. Vistra, the Singapore-based administrator, will provide AIFM ManCo services from Luxembourg. The Food Securities Fund has been developed by Clarmondial, a Switzerland-based investment firm.