Citi Expands ETF Servicing Capabilities in EMEA

LONDON–(BUSINESS WIRE)–Citi has expanded its ETF custody and fund services capabilities to
include EMEA domiciled ETFs, following the successful buildout of its
ETF Services platform in the US, Latin America and Asia.

Citi’s core offering of ETF custody and fund services is supported by
the firm’s Advanced Citi ETF System (ACES), a new state-of-the-art
technology platform that enables Citi to fully automate the entire ETF
life cycle, from basket creation to order processing and settlement,
significantly reducing operational risk and processing time.

“We are committed to establishing the premier presence within the ETF
Servicing community, said Pervaiz Panjwani, EMEA Head of Custody and
Fund Services
. “ 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.”

Citi has been investing in talent and technology across its Markets and
Securities Services franchise, making organizational changes, strategic
hires and product developments, as well as leveraging its global
capabilities to provide a holistic focus on ETFs for issuer and investor

“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,” said Gareth Myburgh, EMEA ETF Product
. “The launch of Citi’s ACES platform highlights our
commitment to continuously strengthen our offering and support our
clients’ ETF needs holistically across products and geographies.”

With over $20.6 trillion of assets under custody and administration
and the industry-leading proprietary network spanning over 60
markets, Citi’s Custody and Funds Services business provides clients
with in-depth local market expertise, advanced processing technologies
and a wide range of fund services that can be tailored to meet clients’


About Citi

Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management. Additional
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1 Q4 2018


Media Contacts:
Capucine Boncenne |
+44 207 508 9355