Citibank WWSS Expands Presence in Eastern Europe.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 21, 2000 Citibank Worldwide Securities Services (WWSS WWSS Worldwide Satellite Systems (US DoD contract vehicle) WWSS Warfare and Warfare Support System ), a unit of Citigroup's Global Corporate and Investment Bank, has announced its expansion into Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. with the appointment of two new agent banks: Bank Austria Bank Austria Creditanstalt is a Central and Eastern European bank, 96.35% owned by UniCredit Group. BA-CA's history goes as far back as 1855, the year the Creditanstalt was founded. in Slovenia; and Hansa Bank in Lithuania. Francis Jackson This article is about the British organist and composer. For the British politician, Sir Francis Stanley Jackson, see Stanley Jackson. Francis Alan Jackson CBE (born October 2, 1917) is a British organist and composer. Jackson was born in Malton, Yorkshire. , Head of Global Custody Product Management, WWSS said: "The appointment of Hansa Bank in Lithuania adds to Citibank's existing presence in the region and renders the bank a true regional provider in the Baltic States Baltic states, the countries of Estonia, Latvia, and Lithuania, bordering on the eastern coast of the Baltic Sea. Formed in 1918, they remained independent republics until their involuntary incorporation in 1940 into the USSR. They regained their independence in Sept. . We are also pleased to announce our expansion into Slovenia - where we will expand our existing relationship with Bank Austria. The appointments increase our network to over 70 countries throughout the world, and we look forward to announcing further expansion in the near future." Citibank Worldwide Securities Services (WWSS) is a unit of Citigroup's Global Corporate and Investment Bank. WWSS services global issuers, investors and intermediaries though the industry's largest proprietary network, spanning 51 countries. It currently provides securities services to more than 3,000 customers worldwide and has $4 trillion in assets under custody. WWSS is the industry's premier custodian of cross-border assets, top-ranked global clearer, and recognized leader in depositary receipt depositary receipt A negotiable certificate that represents a company's publicly traded debt or equity. Depositary receipts are created when a company's shares or bonds are delivered to a depositary's custodian bank, which instructs the depositary to issue services, and agency and trust services. The local presence of WWSS, supported globally by Regional Service Centers, ensures clients of consistent transaction processing worldwide, proprietary control of clearing cycles, and reduced risk in all cross-border securities transactions. Citigroup (NYSE NYSE See: New York Stock Exchange :C), the most global financial services company, provides some 100 million consumers, corporations, governments, and institutions in 101 countries with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. The 1998 merger of Citicorp and Travelers Group brought together such brand names as Citibank, Travelers, Salomon Smith Barney, Commercial Credit, and Primerica under Citigroup's trademark red umbrella. Additional information can be found at: http://www.citi.com. Information contained herein is a matter of record only. It should not be construed as advice or a recommendation by Citibank. |
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