Citi Launches Network 3.0 to drive investor services
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Citi Launches Network 3.0 to drive investor services 30 January 2013New York Reporter: Georgina Lavers
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Citi has launched Network 3.0 with a suite of new investor service solutions, including a custody programme.
The Integrated Custody programme aims to enhance technical platforms and reengineer operational processes to deliver industry best deadlines, 24 hour instruction processing – voluntary corporate actions response deadlines have been extended to 24 hours before market deadlines in 10 key markets – and improved risk management.
“Citi has a long history in shaping and accelerating change in securities markets around the world, said Neeraj Sahai, head of Securities and Fund Services, Citi. “Network 3.0 is a global transformation initiative aimed to redefine the way global investment support services are delivered in order to achieve best in class service and meet the challenges of an ever evolving securities landscape.”
“Network 3.0 leverages Citi’s global network by providing a connected gateway offering increased efficiency and information that enables local access on a global basis,” said Chandresh Iyer, managing director of Investor Services, Citi.
The network’s other new capabilities include a mobile platform through which clients can access information on fund flows, local market practices, transactions and counterparty exposures and speak live with local Citi teams; and a series of profiles of individual markets that uses the expertise of Citi’s locally-based securities country managers for asset managers, institutions and intermediaries with local market insights.
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