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Citi Awarded Fund Administration and Custody Services Mandate by China Asset Management for the First RQFII Exchange-Traded Fund

Hong Kong - September 3, 2012 – Citi has been awarded a mandate to provide trustee, fund administration and custody services in support of the launch of the China Asset Management (ChinaAMC) CSI 300 Index ETF (exchange-traded fund). This mandate marks the continued expansion of Citi’s Renminbi (RMB) transaction services.

ChinaAMC is a leading index fund manager in mainland China and launched China’s first ETF, China 50 ETF, in 2004. The ChinaAMC CSI 300 Index ETF is the world’s first cross-border RMB-denominated and RQFII-based ETF that directly invests in physical (non-synthetic) A-shares, listed on the main board of the Hong Kong Stock Exchange. The RQFII is a relatively new scheme for promoting RMB internationalization in offshore markets.

The growth within Citi Transaction Services has led to the development of a wide range of services, including cash management, trade and custody, to clients and their business partners. With the launch of new RMB products and platforms in major global hubs – including Hong Kong, the United Kingdom and Latin America – Citi’s position as a leader in providing innovative transaction banking solutions continues to strengthen.

“The launch of ChinaAMC CSI 300 Index ETF, the world’s first RMB ETF, and its subsequent success, is of great significance to us, and we are pleased to work with a partner like Citi on this journey,” said Iris Chen, Chief Executive Officer of China Asset Management (Hong Kong) Limited.

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 were pleased to work with ChinaAMC to introduce this inaugural product to the market and by leveraging on our expertise to help them develop an efficient operating model for investing directly in the A-share market,” said David Russell, Asia Pacific Head of Securities and Fund Services at Citi Transaction Services.

“As the RMB internationalizes, Citi is well-positioned to provide our clients the best solutions today and in the future.”

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About Citi OpenInvestorSM
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.openinvestor.transactionservices.citi.com

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://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

About Citi Transaction Services
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, 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.