SIX Securities Services has mandated Citi to provide custody and clearing services for $320 billion in US assets.
Citi will also provide mutual fund processing and tax servicing for SIX Securities Services in the US market.
The mandate builds on an existing relationship between Citi and SIX; the pair already work together in 14 additional markets.
Thomas Zeeb, CEO of SIX Securities Services, said: “SIX Securities Services demands the high levels of operational efficiency and transparency that Citi provides. Such performance levels are key for our business, as we service a large number of clients every day.”
“This strengthened relationship will help us provide a strong and reliable environment for our customers and receive the high standard of service that they have become accustomed to through SIX.”
Citi now has agent banks covering 106 markets around the world.
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