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Friday, October 24, 2014

Monday, December 8, 2008
Business

Citi's DCC services from Dec 15

Citibank NA Bangladesh will formally launch direct custody and clearing (DCC) services in Bangladesh from December 15, according to a press statement.

This will enable Citibank to better support its global clients and channel more foreign portfolio investments into the emerging Bangladesh capital market.

Faruq Ahmad Siddiqi, chairman of the Securities and Exchange Commission, will be the guest of honour at the launching ceremony.

Citigroup, which already launched its investment banking wing in Bangladesh to support the country's growing capital market, has now put its global strength on the arena.

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