Citi extends securities lending services to Malaysian investors
Citi now offers securities lending services in Malaysia through its OpenLend platform, following a market launch in India earlier last month.
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,” says David Russell (pictured), 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 OpenInvestor, OpenLend delivers an open-architecture securities lending solution that leverages Citi’s global presence, risk management controls and 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,” says 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 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 customised to their individual needs.
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