Six Sis will be extending its settlement and custody services to cover the Brazilian market effective from March 1, 2010.
The service launch will enable clients to settle and hold Brazilian securities in the Brazilian market via Six Sis’ local custodian Citibank in Sao Paulo.
Thomas Zeeb, CEO of the securities services division at Six Group, said: “We are delighted to announce this new addition to our network of international custody services. With over CHF1 trillion of assets in custody outside of Switzerland, this expansion underscores our continuing commitment to the increasing demands of our clients as they further internationalize their business.”
Six Sis is the central securities depository (CSD) for the Swiss domestic market as well as an international custodian serving both Swiss and international clients.
As an international custodian, Six Sis offers a range of tailor-made services in 55 markets worldwide.