Citigroup extends into Cyprus
NEWS
Andrew Gelb, New York-based global head of direct custody and clearing at Citigroup, said the introduction of the services reflects growth in the Cypriot economy. "Investment opportunities in Cyprus are expected to multiply following the introduction of the euro."
With the move into Cyprus, Citigroup's DCC network represents a total of 49 markets, which the bank claims is the largest in the world.
Simon Falush
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