Citi Appointed for ETF Middle Office Services on Aladdin

According to Markets Media, 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 to our ambitions to grow market share with global asset managers.