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’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.
The Singapore-based insurance firm will utilise Citi’s infrastructure and the Aladdin technology platform to upgrade its front-, middle- and back-office.
Sunwoda Electronic and Hangzhou GreatStar Industrial are the seventh and eighth China-Swiss Stock Connect programmes listed on the SIX Swiss Exchange.
Citi will provide execution services, cash and custody for non-domestic client securities as part of the deal.
Latest funding round brings the total capital raised by the fintech to $97 million since 2018.
In partnership with METACO, the custodian will develop a digital platform where clients can store and settle digital assets.
Regional leadership change comes at a pivotal time for Citi, which sees strong opportunities for growth in the securities services sector.
Leadership changes reflect the bank’s growth strategy that has targeted Europe as one of the key markets for its securities services business.
The investment management platform will use the injection of funds to bring on additional resources and identify new areas to expand its products and services.
Additional $15m investment from Citi Ventures, Deutsche Börse Group and Mediant takes the Series B investment total to over $50m.