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Citi extends Common Depository Services to Asia Pacific

Citi has extended its Common Depository services to Asia Pacific following the appointment by Euroclear Bank and Clearstream, the International Securities Depositories (ICSDs), to provide sub-depository services from Hong Kong. As a Common Depository, Citi is appointed to safe keep and service securities issued into the international securities markets.

"The move to broaden our service represents Citi's first Common Depository location outside of Europe and enables Citi to better support Asia Pacific clients, as well as global clients operating from the region, issue securities into the international debt markets," said David Russell, Regional Head, Asia Pacific for Securities and Fund Services, Citi. "Citi is honored to have the support of both Euroclear Bank and Clearstream on this new service, which complements not only our core Agency and Trust Services business but also the full suite of Securities and Fund Services we offer. We are now well-positioned to consider additional enhancements that will deliver greater efficiencies in settlement and clearing for our clients."

Citi has been an appointed Common Depository for Euroclear Bank and Clearstream since 1986. Currently safekeeping and servicing over 30,000 bearer and registered global securities.

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