Bringing you live news and features since 2006 

Citi extends position for ETF custody and fund administration services in Latin America

RELATED TOPICS​

Citi has extended its position in both custody and fund administration for exchange-traded funds in Latin America with new mandates from BlackRock in Brazil and Mexico.



Citi supported the launch of BlackRock’s two new ETFs in Brazil investing in carbon and public infrastructure and has expanded its relationship with BlackRock in Mexico with the conversion of the largest ETF product in Latin America.

“We have a long-standing relationship with Citi across the range of our exchange traded funds in Latin America and these mandates further our collaboration to provide investors with efficient access to these markets,” says Armando Senra, BlackRock head of the Latin America & Iberia region. “With Citi’s knowledge of the specialised needs of ETFs and local market infrastructure and global expertise, we are able to spend more time with our clients and at growing our business.”

Citi’s regional assets under custody are in excess of USD8bn. At the end of the third quarter 2012, Citi’s regional ETF services market share stands at approximately 80 per cent.

“We are truly pleased to expand our collaboration with BlackRock and to continue to support them with our local and global capabilities in trade execution, custody and fund administration throughout Latin America,” says Alejandro Berney, head of securities and fund services for Latin America, Citi. “Over the last few years Citi has concentrated on further enhancing our global support for Exchange Traded Funds. By joining our specialised ETF knowledge, local market infrastructure and global expertise we are pleased that we have been able to deliver solutions to our trusted partners. We are dedicated to continuously ensuring we remain on the frontier of delivering market innovation to our partners.”

Citi OpenInvestor currently provides services to 11 ETF managers in nine markets around the world.

Latest News

European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by