Citi to provide custody services to AIX
Citibank Kazakhstan JSC (Citi) became a custodian of the Astana International Exchange Central Securities Depository (AIX CSD). Citi will be offering settlement and safekeeping services for foreign securities trading at AIX, AIFC’s press service reports.
“AIX is excited to partner with Citi to support the growth of our business. The custodial relationship will support broadening our post-trade services and the introduction of new products”, CEO of AIX, Tim Bennett, said.
Andrey Kurilin, President of Citibank Kazakhstan JSC, commented that they at Citi are pleased to contribute their global custody expertise to the AIFC success.
“Our robust digital platform will help investors raise efficiency and reduce operational risks”, he said.