Citibank to launch direct custody, clearing services
Monday, 8 December 2008
Citibank NA, Bangladesh will formally launch its Direct Custody and Clearing (DCC) services in Bangladesh on December 15, reports UNB.
This will enable Citibank to better support its global clients and channel more foreign portfolio investments into the emerging Bangladesh capital market.
Chairman of the Securities and Exchange Commission (SEC) Faruq Ahmad Siddiqi will be the guest of honour at the launching ceremony to be attended by Citi's clients and important stakeholders including the regional senior executives of Citigroup in Asia Pacific.
Citigroup, which already launched its investment-banking wing in Bangladesh to support the country's growing capital market, has now put its global strength on the arena of capital market transaction services in this country.
Citi is now the only global bank in the country, which is present at both these ends of Bangladesh capital market.
Citi's DCC business will enable the global investors to enjoy the bank's seamless transaction services across the world.
This will enable Citibank to better support its global clients and channel more foreign portfolio investments into the emerging Bangladesh capital market.
Chairman of the Securities and Exchange Commission (SEC) Faruq Ahmad Siddiqi will be the guest of honour at the launching ceremony to be attended by Citi's clients and important stakeholders including the regional senior executives of Citigroup in Asia Pacific.
Citigroup, which already launched its investment-banking wing in Bangladesh to support the country's growing capital market, has now put its global strength on the arena of capital market transaction services in this country.
Citi is now the only global bank in the country, which is present at both these ends of Bangladesh capital market.
Citi's DCC business will enable the global investors to enjoy the bank's seamless transaction services across the world.