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Citi Wins Global X Funds’ Mandate
Published on Nov 29, 2010

Citi announced that it has won a mandate to provide third-party securities lending services for Global X Funds’ family of exchange traded funds.

“Citi provided the right combination of leading expertise, risk management capabilities and flexibility to tailor its securities lending program to the specific characteristics and requirements of Global X Funds” says Bruno Del Ama, CEO, Global X Funds. “The global reach of Citi’s transaction services business is a great complement to our global asset management business.”

Added Neeraj Sahai, Global Head, Securities and Fund Services, Citi: “We greatly look forward to strengthening our relationship with Global X Funds by leveraging our capabilities both across Securities and Fund Services and across the entire Citi enterprise.”

Through OpenLendSM, Citi provides securities lenders boutique service to enhance their portfolio performance by delivering an open architecture that provides access to Agency, Third-Party, Hybrid and Exclusives lending by leveraging Citi’s key strengths: unsurpassed global branch network, flexibility, innovation, dynamic reporting, risk management and real-time controls.

Citi currently partners with ETF asset managers around the globe offering solutions focused on trading, clearing, securities finance, custody, back and middle office solutions and has made recent efforts to expand our depth of services from North America to the Asia Pacific region. In addition, Citi can tailor a securities lending program for ETF asset managers that leverages its agency, principal and ETF trading capabilities.**

Mandate details
Provider Citi
Client Global X Funds
Mandate value n/a

Vendor name: Citi
Buyer name: Global X Funds
Product type: Asset and Liability Management | Custody / Back/Middle Office | Foreign Exchange | Fund / Asset Management Operations | Reporting | Trade Finance | Trading Systems

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