Citi Launches Direct Custody and Clearing Services in Norway
Citigroup, Inc. (C)
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Source: Business Wire
Launch consolidates Citi’s leadership with the industry’s largest proprietary custody network in the region and globally Opening highlights commitment to the Nordics as Citi celebrates its 45th Anniversary in Norway OSLO & LONDON--(BUSINESS WIRE)-- Citi (NYSE: C) will begin offering Direct Custody & Clearing (DCC) services to clients in Norway, starting mid-November. The new offering expands Citi’s proprietary DCC network to over 60 markets globally including 37 markets across Europe, the Middle East and Africa (EMEA). DCC plays an integral role in the capital markets by providing clearing and settlement services for the trading and investing activities of broker dealers as well as offering local market sub-custody services to banks and global custodians around the world. Reto Faber, EMEA Head of Direct Custody and Clearing at Citi, said: “We are pleased to add Norway to Citi
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