Raiffeisenbank has become a participant of the Astana International Exchange Central Securities Depositories (AIX CSD), allowing international institutional investors to hold their assets at the CSD under the bank’s custody.
For a range of securities, Raiffeisenbank offers a multi-market approach for centralised and effective post-trade safekeeping of assets around the world.
The cooperation with Raiffeisenbank will help AIX clients meet standardised legal and operational framework while optimising and simplifying network management and alleviating operational risks in a fast-growing market.
Evgenia Klimova, head of custody, Raiffeisenbank, said: “We are glad to become the first international participant of AIX which has proven the efficiency of its business model in a short period of time.”
Klimova added: “AIX is a platform, which is widely respected by investors. Thanks to cooperation with AIX, now Raiffeisenbank covers Kazakhstan’s market fully and performs as the hub for RBI Group in the context of holding assets in one of the key regions of CIS.”
Anna Kolesnichenko, CEO of AIX CSD, commented: “Raiffeisenbank, a Tier-1 custodian within the CIS region, now joining the AIX CSD means that frontier and emerging markets funds will have a trusted custodian to safekeep their cash and securities within our CSD.”
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform.
