T+1 testing progressing well as custodians prep T-Day ‘war rooms’
DTCC happy with the level of participation across its testing cycles, so far only encountering some “minor setup issues”.
Tag: Citi
Custody
Citi CEO lauds ‘marquee wins’ for securities services business amid growth in US asset management client segment
Jane Fraser highlights Citi’s securities services business in quarterly earnings call once again, praising growth in the US asset management space and a strong pipeline, following positive 2023 results
Citi achieves fifth consecutive quarter of $1bn securities services revenue
Results reveal that organisational restructuring that took place in 2023 cost the bank approximately $780 million.
Citi becomes first custodian to settle trades on newly-launched HKEX Synapse platform
Working closely with HKEX on the launch of the platform, Citi is currently the only bank to offer connectivity to clients.
Fireside Friday with… Citi’s Aditya Sharma
Citi’s APAC head of custody, Aditya Sharma, discusses the implications of the US move to T+1 in Asia, and the lessons learnt from India’s switch.
Citi and BlackRock partnership bears fruit as Singlife signs technology deal with pair
The Singapore-based insurance firm will utilise Citi’s infrastructure and the Aladdin technology platform to upgrade its front-, middle- and back-office.
Citi appointed as depositary for pair of China-Swiss Stock Connect firms
Sunwoda Electronic and Hangzhou GreatStar Industrial are the seventh and eighth China-Swiss Stock Connect programmes listed on the SIX Swiss Exchange.
Citi Securities Services wins South African wealth manager mandate
Citi will provide execution services, cash and custody for non-domestic client securities as part of the deal.
AccessFintech secures $60 million in Series C with investments from BNY Mellon, JP Morgan and Citi
Latest funding round brings the total capital raised by the fintech to $97 million since 2018.
Citi to develop institutional digital asset custody functionality
In partnership with METACO, the custodian will develop a digital platform where clients can store and settle digital assets.