Citi deploys bots to enhance securities services settlement in Hong Kong
Citi states it has become the first sub-custodian in Hong Kong to leverage bot technology to provide real-time processing for matching and settlement of trades.
Citi states it has become the first sub-custodian in Hong Kong to leverage bot technology to provide real-time processing for matching and settlement of trades.
MIBL will also white label Citi’s custody platform, essentially offering its asset servicing and instruction capabilities for securities, cash and FX to their clients.
BNY Mellon, Citi, and State Street take part in initiative designed to transform and automate the current capital markets infrastructure.
Citi has centralised the management of big projects in different parts of the bank under a new ‘Project Management Office’.
With some of the world's largest ETF issuers launching new semi-transparent products, custodians and fund administrators are in a unique opportunity to bridge the gap between the active and passive investment community.
The appointments are the latest in a series of senior leadership changes for Citi’s global securities services business.
Citi has made a number of recent moves to expand its sub-custody network over the past year with new businesses in Finland, Norway and Saudi Arabia.
The new business expands Citi’s existing relationship with Tuttle Tactical Management to include its new Trend Aggregation range of ETFs.
Citi said in an internal memo the changes to its equities and securities services unit will “allow for greater focus and accountability.”