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Showing 101 - 110 of 2174 results for %22Citi%22

BUSSQ dumps fixed interest, shares options

JAMIE WILLIAMSON  |  WEDNESDAY, 28 JUN 2023
Following a review of its investment menu, BUSSQ opted to close two of its options last month. The $6 billion industry super fund has closed its Diversified Fixed Interest and All Shares investment options, citing lack of member demand. According to ...

abrdn sells local trustee business

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
MSC Trustees has acquired abrdn's Australian trustee entity, becoming the corporate trustee of 10 funds. The fund book, comprising $1.5 billion in funds under management, includes the abrdn Sustainable Asian Opportunities Fund, abrdn Sustainable ...

BlackRock Bitcoin ETF: A landmark institutional event?

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
The BlackRock ETF filing with the Securities and Exchange Commission (SEC) has been touted by Magnet Capital co-founder Egor Sidelska as the most significant institutional event in Bitcoin history. Sidelska said the BlackRock ETF filing is a definitive ...

Pengana appoints leaders for private credit division

CASSANDRA BALDINI  |  FRIDAY, 23 JUN 2023
... Citigroup where he spent the past 33 years. Throughout his tenure he held the roles of managing director, country treasurer for Citi Australia, and head of G10 markets treasury Asia Pacific. Pengana said Finkelstein has been tasked with oversight and ...

NAB progresses closure of custody arm

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... existing clients in selecting a new custodian. As part of an agreement, NAB Asset Servicing is referring some of its clients to Citi and giving its Australian custody client base the option to transition. Citi has served as NAB Asset Servicing's ...

BlackRock files for bitcoin ETF

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
BlackRock's iShares has filed paperwork with the US Securities and Exchange Commission (SEC) to develop a spot bitcoin ETF. The iShares Bitcoin Trust will seek to mirror the performance of bitcoin's price before the payment of expenses and liabilities. ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... created, the underlying assets are transferred to a third-party custodian. In the case of Betashares, the custodians are Citi and BNP Paribas. The custodian, a separate entity from the ETF issuer, keeps these assets in a ring-fenced account held in trust. ...

Australia to see strong flow of HNWs

CHLOE WALKER  |  THURSDAY, 15 JUN 2023
More than 5000 high-net-worth individuals are expected to migrate to Australia this year. According to Henley & Partners' Private Wealth Migration Report, Australia saw a net inflow of 3800 HNWs last year. This is expected to increase substantially ...

Federal Reserve holds rates steady

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
Despite persistently high inflation, the Federal Reserve has chosen to keep the current target range for the federal funds rate at 5-5.25%. The Federal Open Market Committee (FOMC) opted to hold the funds rate steady, citing the need to assess additional ...

Australian Ethical selects new administrator

ANDREW MCKEAN  |  THURSDAY, 15 JUN 2023
Australian Ethical has chosen GROW Technology Services as its superannuation administration provider, marking the start of a multi-year transition. In a business update, Australian Ethical explained that following its merger with Christian Super, its ...