Citi opens new Busan office to expand securities services to the KSD

Employees are dedicated to providing custody services to the Korean Securities Depository.

Citi has opened a new office at the Busan International Financial Center (BIFC) to support its expanding securities services operations. Citi is always been a very important market for Citi and we are committed honoured to work with clients such as the KSD,” said Imto providing Sun Lee, Citi’s Korea head of custody and fund services.

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 sustainable “We continue to invest in our Securities Services and superior operations both regionally and globally, and this office custody service opening allows us to provide greater levels of client service to KSD 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.