Citi appointed as global custodian by Denmark bank
Citigroup has extended its mandate with KommuneKredit to now provide global custody services. Citi already manages currency administration for the credit institution.
Andrew Gelb, head of securities and funds services for Europe, Middle East and Africa at Citi said: “We are extremely pleased by KommuneKredit’s decision to consolidate their global transaction services with Citi. This further appointment confirms the strength of our long-term relationship with KommuneKredit and demonstrates their confidence in our investor services capabilities.”