Citi has launched a proprietary bot technology solution in Hong Kong to offer its securities services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to activate stock borrowing in a timely fashion if needed. Citi’s solution uses bot technology to pull data…
Category: Citi
Citi wins USD630bn white-label custody mandate for MUFJ in Lux
In a strategically important mandate for its Luxembourg business, Citi has been appointed as the global custody solutions provider for Mitsubishi UFJ Investor Services & Banking (Luxembourg) (MIBL). The deal will result in the transfer of approximately USD630bn of assets to Citi’s platform. As part of the deal, MIBL will white label Citi’s custody platform…
Citi forges alliance with BlackRock’s Aladdin
Citi has become the latest custodian to forge an alliance with BlackRock, through its Aladdin Provider network, to enhance the delivery of securities services to Citi’s clients who utilize the Aladdin end-to-end investment management platform. Connecting to Aladdin Provider, Citi will provide outsourced middle office services directly through a client’s Aladdin platform for integration with…
Citi appoints Matthew Bax as global head of direct custody & clearing
Citi has appointed Matthew Bax as global head of direct custody and clearing (DCC). He will continue to be based in London, reporting to Okan Pekin, global head of securities services. Bax was previously head of sales for EMEA custody & fund services.
Citi to service new family of ETFs for Tuttle Tactical Management
Citi has been appointed by Tuttle Tactical Management to provide full ETF services for its new Trend Aggregation family of four ETFs. Citi’s services include basket creation, fund accounting and administration, custody, fund compliance, and transfer agency services. This new mandate expands Citi’s existing relationship with Tuttle Tactical Management where it has provided fund services…
Citi refines senior management structure for E&SS
Less than a year after the creation of its equities and securities services business, Citi has decided to refine the senior management structure. There will now be two leaders, a global head of equities and a global head of securities services. The latter will be run by Okan Pekin, covering custody and fund services, direct…
Citi spins off Proxymity into industry-owned utility
Proxymity, the digital investor communications platform developed within Citi‘s investor services business, has raised USD20.5m from eight market participants and will become a global, industry-led consortium. The consortium is comprised of BNY Mellon, Citi, Clearstream, Computershare, Deutsche Bank, HSBC, J.P. Morgan, and State Street. The Proxymity team will be based in London, with a technology…
Citi hires Chay Thurlow to head global custody operations
Citi has appointed Chay Thurlow as global head of custody operations. Based in London, he reports to Brian Ovaert, global head of securities services & issuer services operations. He joins from Deutsche Bank, where he spent more than 10 years, most recently as the head of securities and trust & agency operations. He fills the…
Citi appoints Larissa Sototskaya to head Lux custody & fund services
Citi has appointed Larissa Sototskaya as the Head of Luxembourg custody and fund services (CFS). She will report to Pervaiz Panjwani, EMEA head of custody and fund services, and locally to Alberta Brusi, Luxembourg country head. She joined Citi in 2010 and most recently led global client service across the securities services franchise. The post…
Citi and RBC sign client transfer agreement for Australia
Citi has finalised a client transfer agreement with RBC Investor & Treasury Services in Australia. The announcement follows Citi and RBC signing a memorandum of understanding in November 2019, with the intent to facilitate an orderly transfer of the RBC client base to Citi over a 12-24 month period. The transaction will enable Citi’s securities…