Citi to Provide China Asset Management Global Custody, Trustee and Fund Administration Services for New ETF
As the pioneer and the only provider to offer end-to-end solutions combining market making, seed capital, custody, accounting, administration and trustee services for ETF issuers, Citi is a trusted partner in the region with extensive capabilities in servicing local funds and supporting Renminbi (RMB) related businesses.
Launched on August 26, the CES China A80 Index ETF is a sub-fund of the ChinaAMC ETF Series. It is CAMHK’s second RQFII ETF, and the first listed on the Hong Kong Stock Exchange based on an index developed by the China Exchanges Services Company. The inauguration of the fund not only demonstrates
the further development of RQFII, but also cements CAMHK’s leadership position in the industry space.
Iris Chen, Chief Executive Officer of CAMHK said, “We are delighted to expand our partnership with Citi on the launch of our new CES China A80 Index ETF. Citi’s expertise is an invaluable asset in assisting us to complete the fund set up quickly and be the first to market the creation of a new wave of RQFII products that has never been done before. We look forward to growing our relationship with Citi and working together on the launch of more funds in the future.”
“This mandate marks a significant extension of Citi’s collaboration with China Asset Management, we are excited to be a strategic partner in their expanding RMB ETF business,” said David Russell, Region Head, Asia Pacific, Securities and Fund Services. “China Asset Management can count on our steadfast commitment in providing an integrated and complete solution to support them in improving operational efficiency, enabling them to harvest the benefits of working with a truly global partner.”