Citi has won a mandate to provide third-party securities lending services for Global X Funds’ family of exchange-traded funds.
“Citi provided the right combination of leading expertise, risk management capabilities and flexibility to tailor its securities lending program to the specific characteristics and requirements of Global X Funds,” says Bruno Del Ama, chief executive of Global X Funds. “The global reach of Citi’s transaction services business is a great complement to our global asset management business.”
Neeraj Sahai, global head, securities and fund services, Citi, adds: “We greatly look forward to strengthening our relationship with Global X Funds by leveraging our capabilities both across Securities and Fund Services and across the entire Citi enterprise.”
Through OpenLend, Citi provides securities lenders a service to enhance their portfolio performance by delivering an open architecture that provides access to agency, third-party, hybrid and exclusives lending.