Citigroup unveils plan to power active ETF surge in Europe

October 24, 2024--The US bank plans to capitalise on its wide range of in-house services with white-label platform
Citigroup is launching a European exchange traded fund platform to help third-party managers enter the rapidly growing sector.

The move by the third-largest US bank to create a "white label" platform threatens to shake-up a sector dominated by smaller specialist players, even after Goldman Sachs became the first big-name entrant to the platform sector when it launched its ETF Accelerator last year.