China Asset Management (Hong Kong) (CAMHK) has appointed Citi Hong Kong to provide global custody, trustee and fund administration services for its newly launched CES China A80 Index ETF.
Citi China will be responsible for ensuring the safe custody of CAMHK’s assets under management within China, Asia Asset Management has reported.
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The publication quoted Iris Chen, CEO of CAMHK, saying that Citi’s expertise is an invaluable asset in assisting CAMHK to complete the fund set up quickly and be the first to market the creation of a new wave of RQFII products that has never been done before.
David Russell, Asia Pacific region head of Citi’s securities and fund services, said: "China Asset Management can count on our steadfast commitment in providing an integrated and complete solution to support them in improving operational efficiency, enabling them to harvest the benefits of working with a truly global partner."
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