Citi has opened a securities lending trading desk in Dublin in order to expand its OpenLend securities lending solution in key cities and regions around the globe.
The Dublin desk will form part of an expanded Europe, Middle-East and Africa (EMEA) securities lending trading team that covers global equity lending, global fixed income lending and multi-currency cash reinvestment. The combined London and Dublin EMEA trading desk will continue to be run by Gareth Mitchell, EMEA head of Securities Finance Trading, who has relocated from London to Dublin.
David Martocci, global head of Securities Finance, Citi, said: By expanding our existing OpenLend capabilities to include a securities lending trading desk in Dublin, we are leveraging the importance of Ireland as a center of excellence for financial services. We look forward to continuing to provide customized securities lending solutions to our clients that draw upon our global network and trading expertise across all asset classes. The addition of this new trading desk will add significant value to our already successful Securities and Fund Services franchise in Ireland.
(JDC)