Citi has been appointed by Emles Advisors, a New York-based asset management firm, to provide securities services for its new family of exchange traded funds (ETFs).
As part of the mandate, Citi will provide fund administration, global custody, transfer agency and ETF services.
Elmes’ CEO and founder Gabriel Hammond explained Citi was chosen as its ETF servicing agent because of their “proven track record supporting innovation and their ability to bring new products to market quickly”.
Dominic Crowe, North America head of custody and fund services at Citi, commented: “We are proud to have been selected by Emles as their partner for growth as they bring their first ETFs to market. This is the beginning of a new journey for Emles, and we look forward to supporting their progress as they expand their business.”
Last year, Citi announced the expansion of its ETF custody and administration platform with the global rollout of its Advanced Citi ETF System technology that allows Citi to automate the full ETF life cycle from basket creation to order processing and settlement.
Citi was also recently selected to provide securities services
for Samsung Asset Management for the first pure real estate investment trusts ETF to be set up and listed in Hong Kong.
