Citi to provide agency securities lending solutions to KIA
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Citi to provide agency securities lending solutions to KIA 06 June 2018Kuwait Reporter: Maddie Saghir
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The Kuwait Investment Authority (KIA) International Equities business has reappointed Citi as its preferred agency securities lending solutions provider.
Citi will also provide global custody and portfolio administration including performance compliance and risk reporting.
Citi was one of the first foreign banks to set up a branch in Kuwait offering corporate and investment banking services.
For more than 30 years, Citi has developed strong relationships with Kuwait鈥檚 financial institutions and top corporations.
Historically, Citi served its institutional clients in Kuwait from its regional headquarters in Bahrain, Dubai, and London.
Okan Pekin, global head of prime, futures, and securities services at Citi, commented: 鈥淲e have been honoured to retain and grow this mandate building on our long-lasting relationship with KIA.鈥�
Pekin continued: 鈥淭his appointment is reflective of Citi鈥檚 commitment as a trusted partner to KIA, and highlights our ability to leverage Citi鈥檚 unique market access to meet our clients鈥� evolving needs across products, solutions and geographies.鈥�
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