Citi named third party for Global X ETFs

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Citi has announced it will be providing third-party securities lending services for Global X Funds' range of ETFs.

The company already works with ETF asset managers around the globe, providing solutions focused on trading, clearing, securities finance and custody. With $12.4trn of assets under custody, Citi says that its clients can leverage its local market expertise and global reach to extract value across the entire investment value chain. Global X Funds CEO Bruno Del Ama says that the scope of Citi's transaction services business complements his company's global asset management business. Citi's boutique OpenLend service aims to enhance portfolio performance by delivering modular, open arch...

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