Citi has been appointed by Huntington Asset Advisors (Huntington) to
provide fund administration, custody and index receipt services for
Huntington Strategy Shares ETFs. The first Huntington ETF, Huntington
Ecological ETF, launched on June 20, 2012 and will be followed by the
Rotating Strategy ETF, which is scheduled to launch July 25th.
“We have a long-standing relationship with Citi and we knew we could
rely on their expertise to provide valuable insight on how to develop
active ETFs,” said Randy Bateman, president and chief investment officer
of Huntington Funds. “Citi met all our project milestones and allowed us
to focus our energy on launching a new product and building this
business.”
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 are excited about extending our relationship with Huntington Asset
Advisors through the launch of the US ETF servicing platform for their
active ETF Trust,” said Chandresh Iyer, Global Head of Custody and
Investment Administration Services, Citi. “With the launch of our ETF
platform, we are uniquely positioned to deliver holistic solutions for
all types of investment products across major markets.”
Citi OpenInvestor℠ is the investment services solution for
today’s diversified investor, combining specialized expertise,
comprehensive capabilities and the power of Citi’s global network to
help clients meet performance objectives across asset classes,
strategies, and geographies. With an on-the-ground presence in over 95
countries, Citi offers award winning service and unmatched scale. Citi
provides complete investment services for institutional, alternative,
and wealth managers delivering middle office, fund services, custody,
investing and financing solutions focused on clients’ specific
challenges, customized to their individual needs.
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, Citi’s 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.
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
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About Huntington
Huntington Bancshares Incorporated is a $56 billion regional bank
holding company headquartered in Columbus, Ohio. The Huntington National
Bank, founded in 1866, provides full-service commercial, small business,
and consumer banking services; mortgage banking services; treasury
management and foreign exchange services; equipment leasing; wealth and
investment management services; trust services; brokerage services;
customized insurance brokerage and service programs; and other financial
products and services. The principal markets for these services are
Huntington’s six-state banking franchise: Ohio, Michigan, Pennsylvania,
Indiana, West Virginia, and Kentucky.
The primary distribution channels include a banking network of over 660
traditional branches and convenience branches located in grocery stores
and retirement centers, and through an array of alternative distribution
channels including internet and mobile banking, telephone banking, and
over 1,300 ATMs. Through automotive dealership relationships within its
six-state banking franchise area and selected other Midwest and New
England states, Huntington also provides commercial banking services to
the automotive dealers and retail automobile financing for dealer
customers.
