Citi has been chosen to provide securities lending services and custody for the State of Washington Office of the State Treasurer (OST). The OST manages the investments on behalf of the State and local government entities within the State of Washington.
We selected Citi for our securities lending and global custody because their approach allows us to personalize a program to best meet our needs. We are particularly satisfied with the trading performance and high-touch services of its securities lending professionals, said Douglas Extine, deputy treasurer, State of Washington. We also appreciate having direct access to Citis agency lending desk and are impressed by the quality of the economic updates and global market intelligence it provides to its clients.
Citi offers securities lending through OpenLend, an open architecture securities lending solution that provides clients with a customized service designed to enhance portfolio performance.
(JDC)