With the industry's largest proprietary network-spanning 45 markets-and more than $7.9 trillion in assets under administration, Citibank is a global leader in domestic and cross-border securities services for the world's top issuers, intermediaries and investors.
As the leading custodian bank in Romania, Citibank is able to offer its clients a dedicated resource with in-depth market knowledge and expertise aiming to provide excellent services and tailored solutions that best suits the needs and expectations of our clients. Thanks to the continuous support and an excellent partnership with our clients, we are inspired to stay ahead as the most innovative custodian and a valued service leader in the Romanian market.
We are pleased that all these attributes have been recognized by our clients through the feedback given to the Global Custodian Survey in 2007 placing Citibank Europe plc, Dublin-Romania branch as Top Rated ahead of all custodians in the Romanian market.
Depozitarul Central S.A., the Romanian central securities depository, it has appointed Citibank to provide international settlements through the local market infrastructure.
The value added service will enable members of Depozitarul Central S.A. to efficiently settle international securities dual listed in Romania and subsequently international securities listed on other global regulated markets.
By aligning with Citibank and leveraging its international settlement network, Depozitarul Central S.A. members will be able to settle and custody international securities utilizing existing Depozitarul Central S.A. accounts.
All participants will enhance their ability to execute strategies in global markets through access to a common technology platform leading to economies of scale, increased efficiencies and improved client service.