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.”
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
The dollar failed to recover against other major currencies on Monday following Friday’s disappointing US employment data announcement. This was coupled with ... read more
India's gross domestic product (GDP) growth failed to meet expectations in Q2 as it slumped to 5.7%. However, India's IT industry is thriving. It contributes roughly 10% to the country's GDP and makes up about 25% of exports.
The world’s second-biggest economy will grow faster than previously predicted over the next four years, but the rate is unsustainable unless China addresses the problem says the International Monetary Fund.