SIX Securities Services Selects Citi to Provide Custody for $230 Billion of Assets

Citi has been awarded a mandate from SIX Securities Services to provide custody and clearing services, associated mutual fund processing, and tax servicing for the U.S. market. This new mandate builds on the existing custody relationship between Citi and SIX Securities Services which includes fourteen other markets outside the U.S.

“SIX Securities Services demands the high levels of operational efficiency and transparency that Citi provides. Such performance levels are key for our business, as we service a large number of clients every day. This strengthened relationship will help us provide a strong and reliable environment for our customers and receive the high standard of service that they have become accustomed to through SIX,” said Thomas Zeeb, CEO, SIX Securities Services.

With over 60 proprietary branches and agent banks covering 106 markets, Citi is a leading provider of global custody services, combining local market expertise and a common global platform to deliver consistent, scalable and flexible solutions that support its clients’ most complex custody needs.

“This mandate is a testament to the talent of our custody teams and our ability to support both investor and intermediary clients,” said Sanjiv Sawhney, Global Head of Custody and Fund Services at Citi. “We are very pleased to have been selected by SIX Securities Services to provide custody services and to expand our relationship."

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

SIX Securities Services

SIX Securities Services provides a range of post-trade services that play a key role in the Swiss and international financial markets. As a central counterparty (CCP) for securities transactions, SIX Securities Services assumes key risk management functions in clearing, for both the Swiss financial center and for international exchanges and alternative trading platforms.

In the subsequent settlement and custody processes, SIX Securities Services ensures the electronic settlement and finalization of transactions. SIX Securities Services also serves as the central securities depository (CSD) for assets and documents in Switzerland and acts as an international securities depository (ICSD) in over 65 markets worldwide.

SIX Securities Services additionally maintains share registers and special registers for companies in Switzerland and operates a platform for the electronic processing of land registry and mortgage transactions. In addition, SIX Securities Services – through SIX Repo AG – operates the trading platform for the Swiss National Bank's money market transactions and the settlement of interbank payments. Furthermore, SIX Securities Services offers fiduciary management of registered mortgage notes as well as e-bills and direct debits.

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