CalPERS awards Citi $28 billion in assets
30 May 2012 Boston
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Citi was granted access to $28 billion of securities lending assets held by CalPERS in an auction conducted by eSecLending.
The lending auction was of $43 billion in US equities, with the remaining assets awarded to other participating bidders and to eSecLending鈥檚 discretionary lending programme.
鈥淲e are thrilled to have won these assets and deepen our relationship with CalPERS," said Alan Pace, head of prime finance in the Americas at Citi.
鈥淭his win is a testament to the growth we have experienced in our Prime Finance franchise as well as our continued commitment to provide our clients with access to the highest quality borrow.鈥�
The lending auction was of $43 billion in US equities, with the remaining assets awarded to other participating bidders and to eSecLending鈥檚 discretionary lending programme.
鈥淲e are thrilled to have won these assets and deepen our relationship with CalPERS," said Alan Pace, head of prime finance in the Americas at Citi.
鈥淭his win is a testament to the growth we have experienced in our Prime Finance franchise as well as our continued commitment to provide our clients with access to the highest quality borrow.鈥�
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