Citi’s Global Transactions Services business for Europe, the Middle East and Africa, has announced that its Securities and Fund Services division will be extending its fund servicing domiciles with the addition of Bahrain Regulated Funds to its current service offering. The addition of Bahrain brings the number of Funds markets serviced by Citi to 20.
Citi has operated in the Middle East for over 50 years and has been present in Bahrain since 1969.
“I am delighted to announce the addition of Bahrain Regulated Funds to the domiciles serviced by our Fund Services business,” says Richard Street, head of securities & fund services strategic business development for the Middle East and North Africa. “Servicing Bahrain incorporated funds is an integral component to our more expansive strategy within the Middle East for Securities & Fund Services. Citi has a strong and lengthy history in the Middle East and has recently embarked on a strategy to deliver locally our Securities and Fund Services capabilities within the region. The Middle East is a unique market place one demanding local solutions with global service standards. Citi’s goal is to embed our full Securities and Fund Services product set within the region.”
Global Transaction Services offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations.