CORRECTING and REPLACING Citi Extends Leadership Position for ETF Custody and Fund Administration Se

CORRECTING and REPLACING Citi Extends Leadership Position for ETF Custody and Fund Administration Services in Latin America

MEXICO CITY, NEW YORK & SAO PAULO--(BUSINESS WIRE)-- Please replace the release dated February 12, 2013 with the following corrected version due to changes to the second graph of the release.

The corrected release reads:

CITI EXTENDS LEADERSHIP POSITION FOR ETF CUSTODY AND FUND ADMINISTRATION SERVICES IN LATIN AMERICA

Citi has extended its leadership position in both custody and fund administration for Exchange Traded Funds (ETFs) in Latin America with new mandates from BlackRock in Brazil and Mexico.

Citi provided custodial and trustee services for BlackRock's two new iShares ETFs in Brazil tracking the BM&FBOVESPA Carbon Efficient Index (ICO2) and the BM&FBOVESPA Public Utilities Index (UTIL), and has expanded its relationship with BlackRock in Mexico with the custody of the largest ETF product in Latin America.

"We have a long-standing relationship with Citi across the range of our exchange traded funds in Latin Americaand these mandatesfurther our collaboration to provide investors with efficient access to these markets," said Armando Senra, BlackRock Head of the Latin America & Iberia Region. "With Citi's knowledge of the specialized needs of ETFs and local market infrastructure and global expertise, we are able to spend more time with our clients and at growing our business."

Citi's regional assets under custody are in excess of $8 Billion. At the end of the third quarter 2012, Citi's regional ETF services market share stands at approximately 80%.

"We are truly pleased to expand our collaboration with BlackRock and to continue to support them with our local and global capabilities in trade execution, custody and fund administration throughout Latin America," said Alejandro Berney, Head of Securities and Fund Services for Latin America, Citi. "Over the last few years Citi has concentrated on further enhancing our global support for Exchange Traded Funds. By joining our specialized ETF knowledge, local market infrastructure and global expertise we are pleased that we have been able to deliver solutions to our trusted partners. We are dedicated to continuously ensuring we remain on the frontier of delivering market innovation to our partners."

Citi OpenInvestor currently provides services to eleven ETF managers in nine markets around the world. By offering custody, administration, index receipt agent, liquidity, depositary receipts and Citi's trading services across both active and passive ETFs. Citi focuses on delivering comprehensive support from strategy development to IPO and implementation.

"With Citi's more than 70,000 people and on the ground presence in 24 countries, we are exceptionally positioned to provide local and global capabilities in trade execution, custody and fund administration throughout Latin America," added Berney. "Leveraging the depth of Citi's expertise, we deliver local access, insight and expertise to support the growth of our clients' ETF businesses in Latin America."

Citi OpenInvestor is the investment services solution for today's diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citi's global network to help clients meet performance objectives across asset classes, strategies and geographies. Citi OpenInvestor provides institutional, alternative and wealth managers with middle office, fund services, custody, investing and financing solutions that are focused on their specific challenges and customized to their individual needs. For more information, visit openinvestor.transactionservices.citi.com

About Citi Transaction Services

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 fourth quarter of 2012, it held on average $428 billion in liability balances and over $13.2 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 Twitter: @Citi YouTube: www.youtube.com/citi Blog: http://new.citi.com Facebook: www.facebook.com/citi LinkedIn: www.linkedin.com/company/citi

Citi
New York
Nina Das, +1-212-816-9267
nina.das@citi.com
or
Mexico City
Angeles Meraz Herrera, +52-33-1226-2307
ameraz@citi.com
or
Latin America
Anthony Ingham, +1-305-347-1400
anthony.ingham@citi.com
or
Sao Paulo
Paulo Sampaio, +55-11-4009-7232
paulo.sampaio@citi.com

KEYWORDS: United States Brazil Mexico North America Central America South America New York

INDUSTRY KEYWORDS:

The article CORRECTING and REPLACING Citi Extends Leadership Position for ETF Custody and Fund Administration Services in Latin America originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.