Citi to Launch Direct Custody and Clearing Services in Denmark

COPENHAGEN, LONDON – Citi will begin offering Direct Custody & Clearing (DCC) services to clients in Denmark, starting in the fourth quarter of 2016. This new offering will expand Citi’s proprietary DCC network to 63 markets globally and 36 markets across EMEA.Reto Faber, head of Direct Custody and Clearing in EMEA for Citi, said: “The opening of Denmark DCC further expands Citi’s unique custody footprint as the largest provider of custody services in the region and globally. It also supports our ambition to provide custody services as a direct participant in all of the major T2S markets,