Citi securities services wins ETF mandate from Nuveen
The mandate represents approximately $9 billion in assets in North America across Nuveen’s portfolio of both transparent and non-transparent ETFs.
Tag: Citi
BNY Mellon partners with Accenture to accelerate introduction of new services through tech
Both BNY Mellon and Accenture will use its technologies to expedite the introduction of new services within private markets and wealth management technology sectors, while facilitating expansion into new markets.
Citi leads successful PoC on private fund tokenisation
In collaboration with ABN AMRO, Wellington Management and WisdomTree, Citi found that smart-contract capabilities could provide unique efficiencies not found in traditional assets.
Industry veteran rejoins State Street as Alpha client solutions lead
Seasoned executive brings a wealth of experience from the likes of Citi, Northern Trust, BNY Mellon, JP Morgan and HSBC.
Citi bolsters ETF servicing offering with FIX API connectivity
The integration is designed to simplify order management and onboarding processes for users of Citi’s global ETF portal.
Citi’s Panjwani, State Street’s Coulter join board of transfer agency start-up
ZILO has appointed four industry figures to its board following the fintech’s successful £25 million Series A fundraise last month, including two securities services stalwarts.
Client education the key focus for custodians ahead of T+1 switch
Education on the affirmation process is particularly important for Europe and Asia-based clients.
T+1 testing progressing well as custodians prep T-Day ‘war rooms’
DTCC happy with the level of participation across its testing cycles, so far only encountering some “minor setup issues”.
Custody
Citi CEO lauds ‘marquee wins’ for securities services business amid growth in US asset management client segment
Jane Fraser highlights Citi’s securities services business in quarterly earnings call once again, praising growth in the US asset management space and a strong pipeline, following positive 2023 results
Citi achieves fifth consecutive quarter of $1bn securities services revenue
Results reveal that organisational restructuring that took place in 2023 cost the bank approximately $780 million.