Citi win City of Fort Worth securities lending mandate
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Citi win City of Fort Worth securities lending mandate 10 May 2011New York Reporter: Justin Lawson
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Citi have been awarded a mandate to provide third-party securities lending to the City of Fort Worth, Texas.
Timothy Douglas, Global Head, Securities Finance, Citi Global Transaction Services said, “We are very pleased to deliver our securities lending solutions to the City of Fort Worth. The Treasury specialists in the Finance Management Services Department there recognized the market-tested benefits of a structured third party agent securities lending program to help them improve their portfolio performance, offset their operational expenses and generate liquidity.”
Citi offers securities lending through OpenLendSM, which represents the next generation of securities finance. OpenLend is an open architecture securities lending solution that provides clients with a customized service that is designed to enhance portfolio performance by delivering solutions that leverage Citi’s key strengths: innovative services, best-in-class operation model, flexibility, global network and experience.
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