Citi has announced that its Global Transaction Services business has been awarded a new mandate from Pohjola Bank Group.
The Finnish financial services company has appointed Citi to provide a range of global custody services. The mandate includes the safekeeping of assets and additional global custody services including outsourcing, performance measurement, compliance monitoring, investment administration and accounting.
Drik Jones, Head of Financial Institutions Client Sales Management, GTS, Citi said, Citi is extremely pleased to be providing global custody services to Pohjola Group Bank. Our custody services offer exceptional execution, global consistency and local market expertise in more than 85 markets. This win is demonstrative of our continued commitment to provide clients with innovative, steadfast and state of the art solutions and creates an opportunity to establish a long-term strategic partnership with Pohjola Bank.
Kirsi Sakki, Head of Custody, Pohjola Bank Group, said, We are looking forward to developing a strong working relationship with Citi. As we continue to expand our global footprint and widen the scope of services, we look to Citi as a partner in growth and provider of innovative and efficient solutions, which will meet our special needs. For Pohjola and Citi this is great opportunity to widen normal global custody relationship to much deeper cooperation.