Citi Appointed by EntrepreneurShares to Provide ETF, Custody and Fund Administration Services for its first Exchange Traded F...
November 29 2017 - 9:00AM
Business Wire
Citi has been appointed by EntrepreneurShares to provide full
ETF Services including fund accounting and administration, custody,
and transfer agency for its inaugural ETF fund (NYSE:ENTR).
Headquartered in Boston, MA, EntrepreneurShares has created a
rules-based methodology that selects publically-traded
entrepreneurial companies and applies this criteria to their
selection process.
“Citi’s strategic approach to ETFs was a core factor in our
choice,” said Joel Shulman, Ph.D., CFA, Founder & Managing
Director for EntrepreneurShares, “Their strong commitment to
provide services for the ETF industry is impressive and supports
our growth plans,” he added.
“We are very pleased to be chosen by EntrepreneurShares to
support their ETF servicing needs. This mandate demonstrates Citi’s
commitment to the ETF space as we continue to optimize and invest
in our ETF talent and technology across all our markets and
securities services businesses.” said Dominic J. Crowe, Global Head
of Product Strategy for Citi’s Custody and Fund Services.
EntrepreneurShares has developed a proprietary investment model
that incorporates both quantitative and qualitative criteria. The
investment model utilizes extensive academic research created by
Professor Joel Shulman.
Citi’s Global Custody and Fund Services platform offers clients
access to over 61 proprietary branches and agent banks covering 105
markets. Clients rely on our local market expertise, deep
institutional resources and scalable platform to support their most
complex securities services needs.
About Citi:
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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CitiMedia:Nina Das, +1
212-816-9267nina.das@citi.com
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