Citi Adds Bulgaria to DCC Network

Citi has begun providing Direct Custody and Clearing (DCC) services to clients in Bulgaria. This new offering expands Citi’s proprietary DCC network to 62 markets globally and 35 markets across EMEA.

Lee Waite, Citi’s global head of DCC, says: “The opening of Bulgaria delivers a clear statement of intent about Citi’s commitment to the custody business both in CEE and in all of our existing markets. We’re excited to expand our network to 62 proprietary markets globally.”

Stefan Felstein, Citi country officer for Bulgaria, says: “With the launch of Direct Custody and Clearing we look forward to facilitating new growth opportunities and a gateway to Bulgaria for both our international and local clients.”