Citi has claimed the top ranking in Overall U.S. Fixed Income Market Share, according to Greenwich Associates annual benchmark study. This recognition follows Citi’s top share and quality accolades in the 2018 Global Fixed Income study also conducted by Greenwich Associates and released earlier this year.
“Citi has been the co-leader on share in prior years but this is the first time that it has set itself apart from the competition.”
Between March and May 2019, Greenwich Associates conducted 954 interviews with institutional investors active in fixed income in the United States. Interview topics included sales, trading and research activities and preferences, product and dealer use, service provider evaluations, market trend analysis, and investor compensation.
“We strive to deliver the best, most comprehensive products and solutions to our clients,” said Jim O’Donnell, Global Head of Investor Sales and Relationship Management. “We are truly grateful for this recognition and their support and believe it’s affirmation that our sales, trading and research strategy is aligned with their needs.”
“Citi’s consistent and relentless focus on delivering high quality services to its clients across products and over a sustained period of time has culminated in the bank being the number one dealer in overall U.S. fixed income market share,” said Greenwich Associates Managing Director Frank Feenstra. “Citi has been the co-leader on share in prior years but this is the first time that it has set itself apart from the competition.”
In addition to the distinction of being overall leader in the U.S., Citi earned the largest market share in the following individual fixed income products: rates, municipals, emerging markets and e-Trading. The firm was also rated the leader for Quality in Overall U.S. Fixed-Income, according to the study.
Citi recently expanded its ETF custody and fund services capabilities to incorporate EMEA domiciled ETFs. The expansion comes on the heels of a successful buildout of its ETF Services platform in the US, Latin America and Asia.
Citi’s ETF custody and fund services are supported by the firm’s Advanced Citi ETF System (ACES), which enables Citi to automate the entire ETF life cycle—from basket creation to order processing and settlement to reduce operational risk as well as processing time.
“We are committed to establishing the premier presence within the ETF Servicing community, said Pervaiz Panjwani, EMEA Head of Custody and Fund Services. “ As ETF issuers and investors continuously require greater levels of efficiency, we are pleased to launch this comprehensive solution for European ETFs to help our clients navigate the challenges associated with a fragmented market environment via a truly global and fully automated platform.”
This article originally appeared on ETFTrends.com
