Citi Launches New Depositary Offering in the Netherlands

  Citi Launches New Depositary Offering in the Netherlands

Business Wire

LONDON & AMSTERDAM -- July 22, 2013

Citi has announced that it has established a depositary facility in the
Netherlands and has appointed a new depositary head in the country. The bank
can now support locally-domiciled funds with independent depositary
capabilities including oversight of funds’ service providers, safekeeping of
funds’ assets and daily automated monitoring of funds’ investment guidelines
and regulatory restrictions.

Citi has had a presence in the Netherlands since 1964 and offers a broad range
of financial services and products across the full spectrum of Corporate and
Investment Banking, Global Markets, Securities and Fund Services and Trade and
Treasury Solutions.

Jan-Olov Nord has been appointed as Head of Depositary Services, Netherlands
for Citi’s Securities and Fund Services, effective from 22 July. He has over
27 years financial markets experience and 15 years with Citi where he had
responsibility for some of the largest investment managers in the Dutch and
world markets.

“Our Dutch depositary facility opens in readiness for the Alternative
Investment Fund Managers Directive (AIFMD) which fundamentally impacts the way
our investment fund clients conduct their businesses,” said Sanjiv Sawhney,
EMEA Head of Securities and Fund Services at Citi. “We look forward to
strengthening our presence in the Netherlands and Jan-Olov is the right person
to help Citi’s clients, and the Dutch investment community, continue to grow

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Citi :
Edwina Frawley-Gangahar
+44 (0)207 508 2340
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