Citi has extended its 20-year relationship with Multifonds to consolidate its current regional fund accounting operation into a global operating model through the Temenos Multifonds SaaS solution. Citi’s move to a global operating model for its fund services business, and from an on-site platform to Multifonds SaaS, will enable it to manage its business across…
Category: Citi
HSBC hires global head of funds & trustee services
HSBC has hired Julie Kerr as global head of funds & trustee services. She joins from Citi and will be based in Hong Kong. She reports to Fiona Horsewill, global head of securities services, and joins HSBC’s securities services ExCo. She spent five years at Citi, where she was most recently APAC co-head of sales…
Citi wins again in Oz
Citi’s securities services business in Australia has been appointed by Fiducian Group to provide custody, fund administration and registry services. The project involved transitioning >1,300 assets, many thousands of transactions, tax parcel data and unit pricing across Fiducian’s Investor Directed Portfolio Service (IDPS), superannuation wrap and Fiducian Funds product offerings. Fiducian is an Australian-owned financial…
FundGuard raises USD100m
FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodians and fund administrators, has closed its Series C funding round, amounting to USD100m. This latest round of investment – led by Key1 Capital and new investors including Euclidean Capital and funds managed by Hamilton Lane – also had participation from…
ZILO signs Fidelity for TA
ZILO, the UK-based fintech specialising in global asset and wealth management software, has signed an agreement with Fidelity International to deliver ZILO’s cloud-based transfer agency platform as part of its private assets business operating model. This follows the recent investment by Fidelity International Strategic Ventures, a venture capital team within Fidelity International, as part of…
BNPP hires Brazil chief
BNP Paribas has hired Malu Gregorio Paiva as head of Brazil for its securities services business. She was previously LatAm sales head for Citi’s securities services business.
Citi supports Global X ETF launch
Citi has been appointed by Global X ETFs, part of Mirae Asset Financial Group, to service Hong Kong’s first covered call ETFs. Mirae manages assets of >USD535bn and has over 575 ETFs globally with USD109bn AuM. Global X ETFs has launched the Global X HSI Components Covered Call Active ETF and Global X HSCEI Components…
Citi wins Ausbil mandate
Ausbil Investment Management, an Australia-based manager with AUD16.6bn (USD10.8bn) AuM, has appointed Citi to provide custody and fund administration services. Ausbil is owned by its employees and indirectly by New York Life Investment Management.
Cit completes PA tokenisation PoC
Citi has completed a proof of concept on tokenisation of private funds along with Wellington Management and WisdomTree. With ABN AMRO simulating the role of a traditional investor, the PoC tested the tokenisation of a Wellington-issued private equity fund by bringing it on to a DLT network. The underlying fund distribution rules were encoded into…
Jacobs rejoins State Street
Martin Jacobs has returned to State Street as client solutions lead for its State Street Alpha front-to-back solution. Jacobs previously spent nearly seven years at Citi, where he was most recently global product head of data strategy & architecture. He is based in London.