Citi announced today the launch of its Middle East Global Window providing Middle East investor clients with a regionally based custody service. Citi will provide local service for its Middle East Global Window clients from its UAE and Bahrain Custody Operations Centres. With the addition of the Middle East Global Window, Citi is now able to service Global Custody clients through eight strategically placed operations centres including New York, Canada, London, Hong Kong, Luxembourg, Jersey and Singapore.

Through its Middle East Global Window, Citi has the capability to service local market participants on the business days markets are opened delivering full treasury and foreign exchange services on the Middle East working week through local treasuries specialising in regional currencies.

Citi’s Middle East Global Window, designed to service Institutional Investors investing into the Middle East region, will cover, inter alia, the following regional markets: United Arab Emirates, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Pakistan, Qatar and Tunisia. The Global Window regional market access compliments the 95 markets available through Citi’s Global Custody offering.

Richard Street, Managing Director, Head of Securities and Fund Service for Middle East and Pakistan at Citi, said, "I am delighted to announce the opening of our Middle East Global Window as yet another building block in our structure to service local Investor clients through local operations and capabilities. The Middle East Global Window is another example of Citi’s unique market ability to locally deliver Investor Services capabilities which address the unique requirements of local Institutional Investors and regional Asset Managers."

Global Custody provides a one-stop service for transaction settlement, safekeeping, administration, and reporting of global investments through a single access point and a consistent product offering. Citi’s industry-leading global proprietary network, high quality client service via regional service centres and advanced processing technologies enables it to offer a tailored service to meet the needs of Investor clients.

Steve Donovan, Managing Director, Global Transaction Services Head for Middle East and Pakistan, said, "The addition of the Middle East Global Window to the Securities and Fund Services Product Suite further emphasises Citi’s commitment to both the Middle East region and clients based here. We continue to expand our Global Transaction Services products in the region and the Middle East Global Window is another example of how Citi delivers local service solutions from within the Middle East."

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