The following is from Citi...
Citi has been appointed by Huntington Asset Advisors (Huntington) to provide fund administration, custody and index receipt services for Huntington Strategy Shares ETFs. The first Huntington ETF, Huntington Ecological ETF, launched on June 20, 2012 and will be followed by the Rotating Strategy ETF, which is scheduled to launch July 25th.
“We have a long-standing relationship with Citi and we knew we could rely on their expertise to provide valuable insight on how to develop active ETFs,” said Randy Bateman, president and chief investment officer of Huntington Funds. “Citi met all our project milestones and allowed us to focus our energy on launching a new product and building this business.”
Citi OpenInvestorsm currently provides services to 11 ETF managers in nine markets around the world. By offering custody, administration, index receipt agent, liquidity, and trading services across both active and passive ETFs, Citi focuses on delivering global solutions across the ETF servicing value chain.
“We are excited about extending our relationship with Huntington Asset Advisors through the launch of the US ETF servicing platform for their active ETF Trust,” said Chandresh Iyer, Global Head of Custody and Investment Administration Services, Citi. “With the launch of our ETF platform, we are uniquely positioned to deliver holistic solutions for all types of investment products across major markets.”
Citi OpenInvestor℠ is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. With an on-the-ground presence in over 95 countries, Citi offers award winning service and unmatched scale. Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients’ specific challenges, customized to their individual needs.
Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the second quarter of 2012, it held on average $396 billion in liability balances and over $12 trillion in assets under custody.