Citi Expands Presence in Ireland with Clearing Membership

Citi has been admitted as a general clearing member firm for the Irish Stock Exchange (ISE), in a move that will enable the bank to provide a full-suite of post-trade services for equities, debt and listed funds.

The approval of Citi brings ISE’s membership base to 47 firms across equities, fixed income, and clearing & settlement services. Other clearing members include BNP Paribas Securities Services, Pershing, Societe Generale, UBS, Nomura, ABN Amro Clearing and KAS Bank.

Citi currently provides a wide range of financial services including custody, fund administration, transfer agency, shareholder services and trustee services.

“With the addition of the Irish Stock Exchange, we see this membership as a very valuable extension of our service offering to support Citi’s clients and their requirements for comprehensive clearing and settlement services,” says Reto Faber, head of direct custody and clearing, EMEA, Citi.