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India,United States : CITI unveils securities lending services in INDIA.

Securities and Fund Services, a division of Citi Transaction Services, has unveiled securities lending services in India.

With this, Citi has become the first global custodian bank to provide securities lending services on National Stock Exchange (NSE) in India. This service will offer both Citi s domestic Indian and offshore customers with flawless market access to unidentified exchange-traded central counterparty model prevalent in India. This service is powered with OpenLendSM platform, an open architecture securities lending solution which exploits Citi s global presence, vigorous risk management controls and pioneering trading strategies to assist customers attain their performance goals.

Debopama Sen, Head of Securities and Fund Services at Citi Transaction Services in India, said, We have been in involved with the development of the Indian securities market since we first opened our doors in 1902. This landscape has seen remarkable transformation, and in response to new market conditions, we have built on our experience and expertise to deliver a comprehensive exchange securities lending solution to our clients for the Indian market.

David Russell, Regional Head, Asia Pacific, Securities and Fund Services at Citi Transaction Services, said, This initiative complements our existing client offering for our domestic and international clients and reinforces Citi as a pioneer in the securities lending industry. It is through the combination of our deep on-the-ground expertise and global product capabilities that we are able to deliver such market-leading solutions for our clients.

David Martocci, Global Head of Securities Finance at Citi Transaction Services, said, The opportunity in the emerging markets, especially given the impressive gains over the past 12 months, has kept them a focal point of our securities lending business. We are leveraging Citi s market expertise and global reach to turn these opportunities into optimized returns for client assets.

The company claims that, Citi OpenInvestorsm is the investment services solution for diversified investor which combines specialized expertise, comprehensive capabilities and the influence of Citi s global network to assist customers attain their performance goals across asset classes, strategies and geographies. Citi OpenInvestorsm offers institutional, alternative and wealth managers with middle office, fund services, custody, investing and financing solutions which are focused on their specific challenges and personalized to their individual desires.

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Publication:Mena Report
Geographic Code:9INDI
Date:Oct 8, 2012
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