KUALA LUMPUR, Malaysia & HONG KONG--(BUSINESS WIRE)--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.
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.