Bringing you live news and features since 2006 

Victory Capital appoints Citi to service ETF business


Citi has been appointed by Victory Capital to provide full ETF services including fund accounting and administration, custody, and transfer agency for its VictoryShares branded ETFs.

Victory Capital is an integrated multi-boutique asset management firm, headquartered in Cleveland, Ohio. As of 31 December 2016, the firm had approximately USD55 billion in assets under management and advisement.
“We have a long-standing relationship with Citi and we knew we could rely on their expertise to seamlessly convert our ETF assets. As we look to grow our next generation ETF platform, it was imperative that we partner with a firm who we view as a key strategic partner,” says Christopher Dyer, director of fund administration for Victory Capital.
“We are very pleased to broaden our relationship with Victory Capital through the conversion of their VictoryShares ETFs. This mandate demonstrates Citi’s commitment to the ETF space as we continue to invest in our ETF talent and technology,” says Dominic J Crowe, head of product development and strategy for Citi Custody and Fund Services.
Victory Capital provides investment advisory services to institutional clients including corporations, non-profits, public funds, Taft-Hartley and sub-advisory clients through separate accounts and commingled funds. Through its intermediary channel, Victory Capital also offers retail and retirement clients mutual funds and ETFs as well as separately managed accounts through wrap fee programs and access to its investment models through unified managed accounts.
Citi Investor Services provides fund managers with access to an end-to-end set of flexible investment solutions across prime finance and agency securities lending, futures, OTC clearing and collateral management, custody and fund services.

Latest News

ETP provider GraniteShares has announced it has surpassed USD5 billion in assets under management (AUM), reaching USD5.199 billion...
News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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