Citi Launches Lending In Greece And Poland

Citigroups Global Transaction Services arm has launched securities lending for Greek equities and Polish bonds and equities
By None

Citigroups Global Transaction Services arm has launched securities lending for Greek equities and Polish bonds and equities.

Tim Douglas, Global Head of Securities Finance, Citi, said, Our continued expansion of our securities lending offering underscores our leadership and ability to leverage our global presence and local market expertise in order to benefit our clients around the world.

On the 1, June 2009 Greece lifted the short selling ban on the Athens Stock Exchange.

The move follows Citi CEO Vikram Pandits pledge that a third of Citis revenue will come from the banks Global Transaction Services unit over the next three to four years.

In 2008, J.P. Morgan Securities Lending became the first major agent lender to lend Greek and Polish equities.

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