ProShares adds ETFs to Citi mandate 09 February 2012New York Reporter: Anna Reitman
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Citi has announced it has been appointed by ProShares Trust to provide regulatory administration services for its ETFs.
Citi’s regulatory administration services help clients streamline their internal legal operations to maximise efficiencies and leverage Citi’s expertise related to regulatory matters impacting the operations of registered investment companies. Through Citi’s Fund Governance Portal, clients have easy access to core legal documents and can efficiently manage workflow related to regulatory filings, compliance policies and procedures and corporate governance matters.
“Citi has been providing fund accounting, fund administration, transfer agency and regulatory administration services for our mutual funds, and we’ve been pleased by the quality of their services and expertise,” said Michael Sapir, chairman of ProShares Trust and ProFunds. “This new agreement consolidates all of our mutual fund and ETF regulatory administration support services with a single provider, and brings Citi’s industry-leading regulatory and compliance expertise to our growing ETF business.”
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