Industry Updates

Citi expands ETF services to EMEA

Tom Eckett

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Citi has expanded its ETF custody and fund services capabilities to include Europe, the Middle East and Africa (EMEA) domiciled ETFs.

The firm’s core offering of ETF custody and fund services is supported by Advanced Citi ETF System (ACES), a platform that enables the business to fully automate the entire ETF life cycle, from basket creation to order processing and settlement.

Citi already offers its ETF services platform in the US, Latin America and Asia, where it has over $20trn of assets under custody and administration.

Pervaiz Panjwani, EMEA head of custody and fund services, commented: “We are committed to establishing the premier presence within the ETF Servicing community.

“As ETF issuers and investors continuously require greater levels of efficiency, we are pleased to launch this comprehensive solution for European ETFs to help our clients navigate the challenges associated with a fragmented market environment via a truly global and fully automated platform.

Gareth Myburgh, EMEA ETF product manager at Citi, added: Citi’s business model enables us to support all aspects of the ETF lifecycle agnostically – from index creation, dedicated research and content, sales, trading, market-making, derivatives and securities lending, all the way through to traditional ETF fund administration, custody and common depositary.”

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