NEW YORK--(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.
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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