Norges Bank Investment Management Selects Citi as Sole Global Custodian and Securities Lending Provider for $850 Billion in Assets
OSLO, LONDON, NEW YORK – Citi has been awarded a mandate from Norges Bank Investment Management (“NBIM”), the organization responsible for managing the Government Pension Fund Global , to provide global custody and securities lending services to support NBIM’s $850 billion investment portfolio globally. The mandate is believed to be one of the largest of its kind in the industry.“It’s a great privilege to have been selected by Norges Bank Investment Management to provide these services,” said Okan Pekin, Global Head of Investor Services, Citi. ‘’By having a global presence combined with in-