Citigroup's 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 with 57 markets globally, of which 31 markets are in Europe, the Middle East and Africa.
Through its network, Citi’s securities and fund services business provides the clearing and settlement services required by broker dealers, global custodians and industry infrastructures, to support trading and investing activities around the world.
Stephen Baker, director and head of custody at 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, EMEA at Citi, said: “We are delighted that Bank of Ireland Securities Services has reaffirmed their commitment to Citi.”