Citi’s securities services business has launched Financial Information eXchange (FIX) API connectivity on its Advanced Citi ETF System (ACES); the bank’s online, global ETF portal that automates the entire ETF lifecycle. With FIX API connectivity, clients and APs can directly connect to Citi’s ACES platform from their OMS platforms and manage ETF share creation and…
Category: Citi
BNPP wins Indeval U.S. mandate
BNP Paribas has been appointed by Indeval as its local custodian for the U.S., representing USD60bn of assets. Indeval is the Mexican CSD, responsible for trades on the Mexican Stock Exchange and money market instruments. It is owned by the Mexican Stock Exchange (Grupo BMV). In 2018 Citi was appointed as custodian and tax services…
ZILO adds four to board
ZILO, the UK-based fintech specialising in the global asset and wealth management sectors, has added four new directors to its board: Cuan Coulter from State Street, Pervaiz Panjwani from Citi, Adam Felesky of Portage, and James Devlin from Fidelity International Strategic Ventures. All four companies participated in ZILO’s recent GBP25m (USD32m) funding round.
Gezotis takes COO role at Mercer
Jon Gezotis has joined Mercer as U.S. chief operating officer for its wealth & investments business. Gezotis spent seven years at Citi, most recently as head of fund services for North America and global co-head of middle office. He had previously spent 11 years at J.P. Morgan.
SimCorp expands in Australia
SimCorp, the fintech owned by Deutsche Börse Group, has appointed Enzo Cotroneo as country manager for Australia. He joins from HSBC, and has also worked at Citi and J.P. Morgan. SimCorp and Challenger, the Australian investment management firm, established Artega Investment Administration in 2022. Artega offers front, middle, and back office solutions tailored for investment…
IQ-EQ hires industry veteran
IQ-EQ, the Luxembourg-based administrator, has hired industry veteran John Gout as Continental Europe sales director for funds & institutional asset owners. He joins from BNP Paribas where he was a senior business development manager, responsible for sales management, client relationship development and project management. He has also worked at J.P. Morgan, Northern Trust and Citi.…
ZILO raises GBP25m
ZILO, the UK-based fintech specialising in the global asset and wealth management sector, has completed a GBP25m (USD32m) Series A funding round. The fundraising, which was oversubscribed, was co-led by Fidelity International Strategic Ventures and Portage, with participation from State Street and Citi. In 2023 ZILO onboarded the first client to its global digital transfer…
Citi supports DFA ETF launch in Oz
Citi has launched its service in Australia to support dual-access, fully transparent ETFs. It has recently supported the launch of three dual-access ETFs on the ASX by Dimensional Fund Advisors, a U.S. manager that has been a Citi client since 2012.
Gen II hires bus dev MD
Gen II Fund Services, the independent private equity administrator, has hired Jeff Rosen as managing director of business development. Rosen joins from Ultimus LeverPoint, where he spent a year, and has also worked at Citco and Citi.
Citi appoints new FX head
Citi has appointed Diana Shapiro as global head of FX for its securities services business, based in New York. She was previously head of FX & collateral services for North & Latin America.