BRANCH WATCH: CITI
Citi opens new Busan office to expand securities services to the KSD
Employees are dedicated to providing custody services to the Korean Securities Depository.
C
iti has opened a new office at the Busan International Financial Center (BIFC) to support its expanding securities services operations. The bank’s new space boasts of wood-accented walls and furniture contrasted with a burnished bronze medal and modern in-laid lights that give the space a sleek yet cozy feel. The office also boasts a sprawling view of South Korea’s Busan. Having been selected in December 2020 by the city itself, Citi is one of the first BIFC international tenants. The office will be staffed by employees dedicated to providing global custody services to the Korea Securities Depository (KSD) in performing global securities depository/settlement services with greater efficiency, the bank shared.“Korea is and has
Citi is committed to providing sustainable and superior custody service to KSD
always been a very important market for Citi and we are honoured to work with clients such as the KSD,” said ImSun Lee, Citi’s Korea head of custody and fund services. “We continue to invest in our Securities Services operations both regionally and globally, and this office opening allows us to provide greater levels of client service in terms of our custody and fund services offering to our institutional client base,” Lee added. Citi Country Officer for Korea Myung-Soon Yoo also shared that they are pleased to have opened a new office and reiterated that the bank is committed to providing sustainable and superior custody service to its clients such as the KSD. ASIAN BANKING AND FINANCE | Q4 2021 11
