Citi wins Global X-Funds mandate
29 November 2010 New York
Image: Shutterstock
Citi has won a mandate to provide third-party securities lending services for Global X Funds鈥� family of exchange traded funds.
鈥淐iti 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,鈥� said Bruno Del Ama, CEO, Global X Funds. 鈥淭he global reach of Citi鈥檚 transaction services business is a great complement to our global asset management business.鈥�
Added Neeraj Sahai, global head, securities and fund Services, Citi, said: 鈥淲e 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.鈥�
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.
鈥淐iti 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,鈥� said Bruno Del Ama, CEO, Global X Funds. 鈥淭he global reach of Citi鈥檚 transaction services business is a great complement to our global asset management business.鈥�
Added Neeraj Sahai, global head, securities and fund Services, Citi, said: 鈥淲e 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.鈥�
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.
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