Citi launches custody and clearing in Vietnam

Bank believes the countryÆs capital markets are now sufficiently developed to support a securities service business.

CitigroupÆs global transaction services GTS unit has announced its entry into VietnamÆs securities services market. The bank says the move comes in response to a deepening of the countryÆs capital markets, which is prompting growing investor demand.

The operation will be staffed by locals and supported by CitigroupÆs international GTS team and a platform, which services 46 global markets.

WeÆve seen an increasing interest in Vietnam's capital market from our clients globally,ö says Mike Sleightholme, director and head of direct...

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