Citi has expanded its securities lending services offering to Malaysia through its OpenLend platform, enabling offshore and domestic investor access to the country’s market.
Explaining about extending its lending service in Asia, Citi Transaction Services Securities Finance global head David Martocci said the move enables clients to take advantage of the revenue opportunities in markets such as Malaysia.
OpenLend, a part of Citi’s OpenInvestor investment services systems, is an open architecture securities lending technology that helps clients achieve their performance objectives based on the company’s global presence, risk management controls and trading strategies.
OpenInvestor delivers middle office, fund services, custody, investing and financing systems to institutional, alternative and wealth managers as per their challenges and requirements.
The global financial services company has approximately 200 million customer accounts and conducts business in more than 160 countries and jurisdictions.