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Citi sets up securities lending in LA


04 January 2012 New York
Reporter: Anna Reitman

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Image: Shutterstock
Citi has opened a securities lending office in Los Angeles to expand its OpenLend presence. The new members of its Los Angeles team bring extensive years of industry experience and will be responsible for product sales and relationship management for the mid-west and western regions of the US.

OpenLend is an open architecture securities lending solution that leverages Citi鈥檚 global presence, robust risk management controls and innovative trading strategies to help clients achieve their performance objectives.

鈥淐lient satisfaction is at the core of our OpenLend offering,鈥 said Tim Douglas, global head of 麻豆传媒 Finance, Global Transaction Services at Citi. 鈥淥ur new Los Angeles office will provide the on-the-ground presence we need to deliver premier service and respond faster to our expanding client base.鈥
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