Citi has been selected by CSOP Asset Management, the Hong Kong-based asset manager, to provide custody, fund administration and trustee services for the launch of its first ETF (CSOP STAR 50 Index ETF) in the form of an open-ended fund company.
Chen Ding, CEO of CSOP Asset Management, said: “We are extremely excited to be launching our first ever OFC ETF. Citi was a natural choice as a partner for custody and fund accounting services given that they remain the only custodian with the requisite experience and complete familiarity with such structures.”