Aetna, one of the US’ leading diversified health care benefits companies, has selected Citi to provide securities lending services through its OpenLend platform.
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.
“We are delighted to expand Citi’s long relationship with Aetna with this securities lending mandate,” said David Martocci, head of securities finance, securities and fund services, Citi. “We are pleased that Aetna recognised the value of our third-party securities lending expertise and our commitment to providing exceptional client service. The success of our OpenLend product is centred on providing customised solutions for our clients. We look forward to helping Aetna with its securities lending programme.”
Far and away, the largest financial market on the planet is the foreign exchange currencies market, where on average individuals and organisations trade more than $5 trillion daily. In the FX world, the ability to master the market isn't considered a luxury for treasury officers–it's a necessity.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.