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Citi
Korea named best global custodian in Korea for 2nd straight year
By Park Han-sol, The Korea Times - Citi
Korea has been named the best global custodian in Korea at The Asset Triple A
Awards for the second consecutive year, the lender said Monday.
The award recognizes the bank’s custody
and asset servicing capabilities, including support for domestic institutions
investing overseas and international clients investing in Korea.
According to The Asset, a leading
business news and research organization in Hong Kong, Citi Korea stood out for
its ability to facilitate cross-border investment at a time of growing interest
in Korean equities, particularly in the AI and semiconductor sectors, as well
as the rapid expansion of the exchange-traded fund (ETF) market.
Leveraging Citi’s global network, the
bank offers a range of services spanning custody, fund administration and ETF
servicing, supporting institutional clients’ cross-border investment and asset
management activities.
Citi Korea also said it has worked
closely with financial authorities and market infrastructure operators on
initiatives to improve the competitiveness of Korea’s capital markets,
including reforms to the foreign investor framework and efforts to streamline
settlement and reporting procedures. The bank noted these measures have made
the market more accessible and operationally efficient for overseas investors.
Looking ahead, the lender plans to
further strengthen its custody business as demand for cross-border investment
and overseas ETF exposure continues to grow.
