Citi Appointed by Victory Capital to Provide ETF Services for its Exchange Traded Funds Business
March 28 2017 - 9:01AM
Business Wire
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, OH. As of December 31, 2016, the firm
had approximately $55 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,” said 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,” said 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. For more information, please
visit www.vcm.com.
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.
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: http://www.businesswire.com/news/home/20170328005264/en/
Media:CitiScott Helfman, +1 212-816-9241
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