Citi Opens Securities Lending Desk in Dublin
And Expands Award Winning OpenLendSM Trading Coverage
Dublin, London - November 14, 2012 – Citi has opened a securities lending trading desk in Dublin as part of its commitment to expand its OpenLendSM capabilities in key cities and regions around the globe. The Dublin desk will form part of an expanded EMEA (Europe, Middle-East and Africa) securities lending trading team that covers Global Equity lending, Global Fixed Income lending and multi-currency cash reinvestment. The combined (London and Dublin) EMEA trading desk will continue to be run by Gareth Mitchell, EMEA Head of Securities Finance Trading, who has over 26 years of industry experience. As part of this expansion, Gareth has relocated from London to Dublin.
David Martocci, Global Head of Securities Finance, Citi, said: “By expanding our existing OpenLend capabilities to include a securities lending trading desk in Dublin, we are leveraging the importance of Ireland as a center of excellence for financial services. We look forward to continuing to provide customized securities lending solutions to our clients that draw upon our global network and trading expertise across all asset classes. The addition of this new trading desk will add significant value to our already successful Securities and Fund Services franchise in Ireland.”
OpenLend is an 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. OpenLend is part of Citi’s OpenInvestor investment services solution for today’s diversified investor, combining 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. For more information, visit openinvestor.transactionservices.citi.com
Citi has had a presence in Ireland since 1965 and was one of the first foreign banks to open an office in Ireland. The company now employs over 2,200 people in Dublin and Waterford. The company offers a broad range of financial services and products and also operates the Citi Service Centre. In addition to Transaction Services, the company offers Corporate and Investment Banking services and Global Markets products.
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.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
About Citi Transaction Services
Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody.