Citi Appointed Sole U.S. Custodian for Indeval´s Global Securities Program (SIC) Representing $39 Billion of Assets
Citigroup, Inc. (C)
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Citi has been appointed as custodian and tax services provider for the U.S. assets of Indeval’s International Quotation System (SIC). The SIC program was created by the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV), and Indeval, the Mexican Central Securities Depository (CSD), to provide investors access to international securities and further develop the local capital market. The consolidation of the U.S. assets under Citi as the single provider successfully went live in December 2018. This new mandate builds on the existing relationship between Citibanamex and Indeval, and represents the majority of the assets listed on the SIC. With over $21.3 trillion of assets under custody and administration, and the industry-leading proprietary network spanning over 60 markets, Citi’s custody business provides clients with in-depth local market expertise, advanced processing t
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