Citi is offering its securities lending services in Malaysia through its OpenLend platform. The new service offering will allow offshore and domestic investors access to the Malaysian market.
The launch of the securities lending service in Malaysia further underscores our commitment to expanding our product offering. The new service leverages our deep on-the-ground expertise and global product capabilities through our core in-country infrastructure, as well as our product and relationship management teams, said David Russell, Asia Pacific head of Securities and Fund Services at Citi.
Emerging markets are an area of particular expertise for our business as we are able to leverage Citis vast global footprint and our teams deep market knowledge explained David Martocci, global head of Securities Finance for Citi Transaction Services. Extending our lending services in Asia enables our clients to take advantage of the lucrative revenue opportunities in these markets such as Malaysia.
The latest offering follows Citi’s launch of securities lending services in India earlier last month.
(JDC)