Citi’s Global Transaction Services business has received a new mandate from Pohjola Bank Group. The Finnish financial services company, which provides banking, asset management and non-life insurance services, has appointed Citi to provide a range of global custody services.
Reportedly, the mandate includes the safekeeping of assets and additional global custody services including performance measurement, compliance monitoring, investment administration and accounting. Furthermore, Pohjola Bank Group will have full access to Citi’s whole suite of securities services capabilities.
Dirk Jones, head of financial institutions client sales management, GTS, Citi, said: “Citi is extremely pleased to be providing global custody services to Pohjola Group Bank. Our custody services offer exceptional execution, global consistency and local market expertise in more than 92 markets.”
Kirsi Sakki, head of custody, Pohjola Bank Group, said: “We are looking forward to developing a strong working relationship with Citi. As we continue to expand our global footprint and widen the scope of services, we look to Citi as a partner in growth and provider of innovative and efficient solutions, which will meet our special needs.”
