Citi clears Bangladesh

Citi Global Transaction Services has launched direct custody and clearing services in Bangladesh. As part of these services, the bank will perform equity and fixed-income securities settlements, safekeeping, pre-matching, registration, corporate actions, income collection, cash management, and foreign exchange.Citi is already on the ground in Dhaka, where its operation is run by Mamun Rashid, and it acts as a full-service bank and correspondent banking service provider. The Bangladesh…