Bringing you live news and features since 2006 

Citi appointed by Mirae Asset to provide fund administration and custody services for US-listed ETFs

RELATED TOPICS​

Citi has been appointed by Mirae Asset to provide fund administration, custody and index receipt services for a new exchange-traded fund platform in the US under the Horizons brand.

 
The first ETF, the Horizons S&P 500 Covered Call ETF (HSPX), launched on 24 June 2013 and will be followed by a series of sector ETFs.
 
“We have a long-standing relationship with Citi and we knew we could rely on their expertise and global model to provide valuable insight across transactional services and trading,” says Taeyong Lee, president of Mirae Asset Global Investments’ global business unit.
 
Citi OpenInvestor currently provides services to 11 ETF managers in nine countries around the world. Citi supports both active and passive ETFs across multiple asset classes, offering custody, administration, index receipt agent, liquidity, as well as primary and secondary market trading through Citigroup Global Markets. Citi focuses on delivering solutions across the ETF manager’s complete value-chain: from drawing board to trading to IPO and back and middle office.
 
“We are pleased to expand our global relationship with Mirae Asset and support them in the launch of their first ETF in the US,” says Chandresh Iyer (pictured), managing director, Citi Investor Services. “Our ETF servicing solution for Mirae Asset is a testimonial to the power of Citi’s global network and expertise for global asset managers seeking to expand their product and geographic footprint.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
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