Nordea exits sub-custody for the Nordics, agrees deal with Citi for client transition
Local sub-custody providers have faced a challenging environment amid growing competition from global custody banks and increased regulatory costs.
Tag: Citi
Custodians see their Australian businesses rebound to end 2020
A bounce in market valuations on the back of improved market returns and ongoing client confidence helped fuel the increase in AuC in Australia.
Citi continues to bolster custody sales team with new EMEA head
The hire is the second former State Street executive to join Citi’s securities services sales team after it a recruited new head of APAC sales this week.
Citi taps State Street’s relationship management exec to lead APAC custody sales
The hire for Citi follows a number of recently announced milestones in the APAC region for its securities services business.
Citi to provide securities services to CSOP Asset Management’s first OFC ETF
The mandate extends Citi’s comprehensive ETF servicing mandate with CSOP Asset Management in the Asia-Pacific region.
Custody
Fireside Friday with… Citi’s Martin Carpenter
The acquisition of RBC’s Australian custody business has changed Citi’s position in the market and expanded its offering to a broader mix of clients, according to Martin Carpenter, head of securities services at Citi Australia.
Custody
State Street axes Deutsche Bank as its sub-custodian in over a dozen countries
Deutsche Bank’s sub-custody business dealt a huge setback as its biggest client severs ties, casting a shadow over the German securities services provider’s future.
Citi launches new automated fund order processing tool
The tool will provide a single service for the allocation and placement of fund orders between advisor clients and fund providers.
Citi executes first securities lending trade in Romanian securities
The move is the latest in Citi’s efforts to grow its securities services capabilities in emerging and frontier markets.
Custodians help facilitate first short selling transactions by offshore investors in China
Citi, HSBC and Standard Chartered all successful facilitate margin financing and securities borrowing transactions in China for global investors under the Qualified Foreign Institutional Investors (QFII) scheme.