Citibank offers securities lending services in Malaysia
Date: Nov 22, 2012
Categories: Markets & Exchanges
Malaysia, November 21st 2012 – Citi today announced that it now offers securities lending services in Malaysia through its OpenLendSM platform. This follows a successful market launch in India earlier last month, reinforcing Citi’s strength in Asia and dominance in the emerging markets space. The new service offering will allow offshore and domestic investors access to the Malaysian market.
“The launch of the securities lending service in Malaysia further underscores our commitment to expanding our product offering. The new service leverages our deep on-the-ground expertise and global product capabilities through our core in-country infrastructure, as well as our product and relationship management teams,” said David Russell, Asia Pacific Head of Securities and Fund Services at Citi.
Available in 72 markets globally as part of a suite of investment services delivered through Citi OpenInvestorSM OpenLend delivers an award-winning, open-architecture securities lending solution that leverages Citi’s global presence, robust risk management controls and innovative trading strategies to help clients achieve their performance objectives.
“Emerging markets are an area of particular expertise for our business as we are able to leverage Citi’s vast global footprint and our team’s deep market knowledge” explained David Martocci, Global Head of Securities Finance for Citi Transaction Services. “Extending our lending services in Asia enables our clients to take advantage of the lucrative revenue opportunities in these markets such as Malaysia.”
Citi OpenInvestorSM is the investment services solution for today’s diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies and geographies. Citi OpenInvestorSM provides institutional, alternative and wealth managers with middle office, fund services, custody, investing and financing solutions that are focused on their specific challenges and customized to their individual needs.
Re-disseminated by The Asian Banker