Citigroup Says Citi Securities Services Wins Etf Mandate From Asset Manager Nuveen; Mandate Includes The Addition Of 23 New ETFs Of Approximately $9B To Citi's Expanding ETF Services Business
Portfolio Pulse from Benzinga Newsdesk
Citigroup's Citi Securities Services has secured a mandate from asset manager Nuveen to manage 23 new ETFs worth approximately $9 billion, expanding Citi's ETF services business.
June 28, 2024 | 11:18 am
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Citigroup's Citi Securities Services has secured a significant mandate from Nuveen to manage 23 new ETFs worth approximately $9 billion. This expansion is likely to enhance Citi's ETF services business.
The mandate from Nuveen to manage 23 new ETFs worth $9 billion is a substantial addition to Citi's ETF services business. This is likely to positively impact Citigroup's stock in the short term as it demonstrates growth and expansion in a key business area.
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