BofI renews Citi custody mandate
15 February 2010 | 2309 views | 0
Citigroup announced today that its Global Transaction Services business has signed a new agreement with Bank of Ireland Securities Services to continue to provide custody services in a range of markets. The Dublin based Administrator has re-affirmed Citi as its sub-custody provider in 13 markets across Latin America and Eastern Europe.
By choosing Citi as their custody and clearing services provider, Bank of Ireland Securities Services will have access to Citi's proprietary network, the largest in the world with 57 markets globally, of which 31 markets are in Europe, the Middle East and Africa.
Stephen Baker, Director - Head of Custody, Bank of Ireland Securities Services said, "Our mission is to be the best service provider with a reputation for exceeding customer expectations. In the interests of our clients, we look for high quality service delivery, and this is all the more important where market nuances come into play. We are proud to continue our relationship with Citi in these markets".
Satvinder Singh, Head of Direct Custody and Clearing, Europe, Middle East and Africa, Citi, said, "We are delighted that Bank of Ireland Securities Services has reaffirmed their commitment to Citi. This reappointment illustrates how our worldwide network and local market expertise comes together to provide our clients with an unrivalled global solution."