Citi has continued the global expansion of its securities lending business with the opening of an office in Los Angeles.
The new members of the Los Angeles team bring extensive years of industry experience and will be responsible for product sales and relationship management for the Mid-West and Western regions of the United States.
Securities lending is provided through OpenLend, Citis open architecture solution that leverages the banks global presence, risk management controls and trading strategies to help clients achieve their performance objectives.
Client satisfaction is at the core of our OpenLend offering, said Tim Douglas, global head of Securities Finance, Global Transaction Services, Citi. Our new Los Angeles office will provide the on-the ground presence we need to deliver premier service and respond faster to our expanding client base.
(JDC)