Citi will provide EntrepreneurShares, which is headquartered in Boston, Massachusetts, with fund accounting and administration, custody and transfer agency services.
Dominic Crowe, global head of product strategy for Citi’s custody and fund services, said: “We are very pleased to be chosen by EntrepreneurShares to support their ETF servicing needs.”
He added: “This mandate demonstrates Citi’s commitment to the ETF space as we continue to optimise and invest in our ETF talent and technology across all our markets and securities services businesses.”
Joel Shulman, managing director at EntrepreneurShares, commented: “Citi’s strategic approach to ETFs was a core factor in our choice. Their strong commitment to provide services for the ETF industry is impressive and supports our growth plans.”