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
The German bank has made a multiple changes to its securities services and agency lending global leadership over the past year.
The milestone represents a 30% year-on-year increase, while assets under administration (AuA) also reached a new high.
The appointment follows a spree of global custody mandates won by HSBC in the UK.
With the demands from asset managers for environmental, social and governance (ESG) data and transparency increasing exponentially, Chris Johnson, senior product manager, market data, securities services at HSBC, discusses how the service fits in with a custodian’s offering and the process that goes into creating a usable and suitable product.
The ADGM license will enable the US bank to provide a more complete suite of products and services to clients directly in Abu Dhabi.
Day Three of Global Custodian’s Leaders in Custody Week showcased a panel discussion on this growing trend, exploring the factors shaping these partnerships and how they can be sustained.
Citi has made a number of strategic moves to transform client services and its operational framework. Christopher Cox, global head of data, digitalisation and strategic projects and head of securities services for EMEA at Citi, explains to Global Custodian the experience of these transformative projects.
The US bank has partnered with a range of data and analytics vendors as it looks to build out its trade data network for securities services clients.