Citi said that it has launched lending services in Russian securities through its OpenLend platform, following similar launches in India and Malaysia to reinforce its presence in the emerging markets (EMs).
“The launch of lending in Russian securities is a key development in a large market with tremendous potential, and offers an alternative to repo deals which have been a popular type of operation in Russia for many years,” said Alexei Fedotov, securities and fund services head, Russia & CIS ZAO Citibank, Moscow.
The latest launch means that OpenLend is available in 74 markets globally as part of a suite of investment services delivered through Citi OpenInvestor, which provides institutional, alternative and wealth managers with middle office, fund services, custody, investing and financing solutions.
“Citi is committed to pioneer new markets for our clients,” said David Martocci, global head of securities finance, Citi Investor Services. “This continued expansion of our product offering leverages our deep on-the-ground expertise and enables us to present our clients with new and unique revenue opportunities.”
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.
Chicago based Treasury Management System (TMS) vendor GTreasury and Sydney based risk and treasury management vendor Visual Risk have joined forces in a strategic alliance to ... read more