NEW YORK--(BUSINESS WIRE)--Citi has been appointed by Victory Capital to provide full ETF services including fund accounting and administration, custody, and transfer agency for its VictoryShares branded ETFs. Victory Capital is an integrated multi-boutique asset management firm, headquartered in Cleveland, OH. As of December 31, 2016, the firm had approximately $55 billion in assets under management and advisement.
“We have a long-standing relationship with Citi and we knew we could rely on their expertise to seamlessly convert our ETF assets. As we look to grow our next generation ETF platform, it was imperative that we partner with a firm who we view as a key strategic partner,” said Christopher Dyer, Director of Fund Administration for Victory Capital.
“We are very pleased to broaden our relationship with Victory Capital through the conversion of their VictoryShares ETFs. This mandate demonstrates Citi’s commitment to the ETF space as we continue to invest in our ETF talent and technology,” said Dominic J. Crowe, Head of Product Development and Strategy for Citi Custody and Fund Services.
Victory Capital provides investment advisory services to institutional clients including corporations, non-profits, public funds, Taft-Hartley and sub-advisory clients through separate accounts and commingled funds. Through its intermediary channel, Victory Capital also offers retail and retirement clients mutual funds and ETFs as well as separately managed accounts through wrap fee programs and access to its investment models through unified managed accounts. For more information, please visit www.vcm.com.
Citi Investor Services provides fund managers with access to an end-to-end set of flexible investment solutions across Prime Finance and Agency Securities Lending, Futures, OTC Clearing and Collateral Management, Custody and Fund Services.
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.
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