Citi Launches Automated Securities Lending Solution for Wealth Managers in Partnership with Fintech Sharegain
Through Citi’s solution, wealth managers can deliver a securities lending program to their customers, giving them the opportunity to earn additional revenue on their stocks, bonds and ETFs, without developing an internal program from scratch.
“It's our ambition to provide Citi custody clients with the world’s leading agency securities lending service,” said
The new securities lending solution is designed to integrate with wealth managers’ existing IT infrastructure. It provides a fully digital user experience for underlying customers, from opting in to the program through to managing their lending.
“In a world where new technologies are transforming the way we do business, Citi is embracing innovative ideas to deliver new services to our clients,” said
“We are excited to work with Citi to bring this first-of-its-kind solution to their clients and to set a new standard for our industry,” said
The idea for an automated securities lending solution was born from Citi’s D10XSM program, a strategic growth initiative that nurtures the development of business solutions. A team of Citi entrepreneurs-in-residence tested, validated, and prototyped the product before vetting and selecting Sharegain for partnership.
With trading desks in five countries covering 75 lending markets, Citi Agency Securities Lending has an extensive global presence that leverages its local expertise from over 60 proprietary custody branches.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.
Sharegain is a capital markets fintech firm democratising the