Citi has appointed Joerg Guenther as global head of securities services & issuer technology. He will take responsibility for the technology teams supporting custody and fund services, direct custody & clearing, securities services data, quality assurance, and issuer technology, reporting directly to Mike Healy, global head of technology for equities & securities services. Prior to…
Category: Citi
Victory appoints Citi for additional USD80bn of USAA assets
Citi has been appointed by Victory Capital to provide fund administration, custody, ETF services and securities lending for Victory’s most recent acquisition, USAA Asset Management. The new mandate resulted in the transfer of servicing for 53 mutual funds and ETFs to Citi, representing approximately USD80bn in assets. This new mandate expands Citi’s existing relationship with…
Citi launches multi-slot IBOR solution
Citi has upgraded its Investment Book of Record (IBOR) data delivery service to support middle office clients operating across multiple trading cycles. The ‘multi-slot’ IBOR solution can be customised to meet the operational needs of individual clients across their front office locations in various regions, particularly informing start-of-day trading positions and cash forecasts globally. The…
Citi merges equities with PFSS business
30JUL19: Citi is merging its equities and prime, futures and securities services business lines. The motivation, in part, is in reaction to increasing client demand for end-to-end solutions supporting pre-trade, execution and post-trade. The new organisation – Equities and Securities Services (ESS) – will include broad trading and execution capabilities for electronic and complex structured…