mega888 apk Citibank Custody Agreement | gusdog

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Citibank Custody Agreement

Martin Carpenter, director of securities services at Citi Australia, expects the majority of clients to switch to Citi and benefit from the bank`s industry-leading platforms, proprietary custody network and excellent customer service. ING announced today that it has entered into an agreement to transfer its operations in seven Central and Eastern European countries to Citi, one of the world`s largest providers of conservation services. ING Bank will continue to offer a wide range of banking products in the Central and Eastern European region. ING`s commercial banking network in CEE has 10 countries and offers its local and international clients credit services, transaction services, corporate finance and financial products. ING will continue to offer custody services in Poland, where it is an integral part of the full-service banking offering. Today`s transaction does not affect ING`s retail business or ING`s insurance and investment management business in the Central and Eastern European region. ING Custody Services mainly offers institutional clients a number of products, including custody of securities, settlement of securities transactions and collection of information and income on securities held. The transaction announced today involves approximately 130 full-time jobs across the region and approximately €110 billion in assets held in the first quarter of 2013. Citi is a leading provider of securities and fund services that provides clients around the world with integrated cash, trading, securities and fund management services. With a network that spans more than 95 countries, Citi supports more than 65,000 customers. In the first quarter of 2013, it held an average of $415 billion in liability balances and $13.5 trillion in retained assets. Australia is a growing market targeted for Citi`s custody and fund services businesses. The transaction will also allow Citi Securities Services to strengthen its presence in Sydney while strengthening its Kuala Lumpur regional operating site, with a number of RBC employees in Kuala Lumpur to join Citi. This contributes to a strong presence in Melbourne.

“Citi offers its clients deep local market knowledge, advanced processing technologies, and value-added services such as data management, internal unit registry, and ETF service,” said Carpenter. Citi Citi, the world`s largest bank, has approximately 200 million customer accounts and operates in more than 160 countries and jurisconsultations. Citi offers consumers, businesses, governments and institutions a wide range of financial products and services, including banking and consumer lending, corporate and investment banking, securities intermediation, transaction services and asset management. . . .