BlackRock Appoints Citi to Provide Select ETF Middle Office Services on Aladdin
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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US:NYSE Investor Relations:
citigroup.com/citi/investor/pres.htm
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Source: Business Wire
Key Highlights:BlackRock has selected Citi to provide select middle office services for $4.0 trillion in U.S. domiciled iShares ETFs on the Aladdin platform1This partnership enhances ETF order transparency and streamlines processing, reinforcing Citi's expanded ETF and middle office servicing capabilitiesThe collaboration follows a 2021 mandate where Citi was appointed as an additional post-trade service provider for BlackRock's U.S. domiciled ETFs NEW YORK--(BUSINESS WIRE)--BlackRock has appointed Citi Investor Services to provide select middle office functions for $4.0 trillion in U.S. domiciled iShares ETFs on the Aladdin platform.Expanding on the long-standing partnership between BlackRock and Citi, this integrated operating model streamlines the lifecycle of an ETF order, offering enhanced transparency into basket composition, order status, and settlement.Chris Cox, Head of Investor Services at Citi, said, “Expanding our ETF and middle office servicing capabilities is central
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