Citi Launches Lending in Russian Securities
London - February 04, 2014 – Citi today announced that it has launched lending services in Russian securities through its OpenLendSM platform. This follows successful launches in India and Malaysia, reinforcing Citi's strength in the emerging markets.
"The launch of lending in Russian securities is a key development in a large market with tremendous potential, and offers an alternative to repo deals which have been a popular type of operation in Russia for many years," said Alexei Fedotov, Securities and Fund Services Head, Russia & CIS ZAO Citibank, Moscow.
Now available in 74 markets globally as part of a suite of investment services delivered through Citi OpenInvestor, 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.
"Citi is committed to pioneer new markets for our clients. This continued expansion of our product offering, leverages our deep on-the-ground expertise and enables us to present our clients with new and unique revenue opportunities." explained David Martocci, Global Head of Securities Finance, Citi Investor Services.
Citi OpenInvestor 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 OpenInvestor 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.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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