Citi has been providing direct custody and clearing (DCC) services to clients investing in the United Arab Emirates since January 2009 for all the three exchanges, Abu Dhabi Securities Exchange, Dubai Financial Market and NASDAQ Dubai.
Citi’s proprietary DCC network, the largest in the world, spans to 61 markets globally, of which 34 markets are in Europe, the Middle East and Africa. DCC plays an integral role in the capital markets by providing the clearing and settlement services required for broker dealers and global custodians to support trading and investing activities around the world.
Citi Transaction Services (CTS), a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 140 countries, CTS supports over 65,000 clients.
Citi has been present in the Arab World for nearly fifty years and continues to view the region as critical to its global franchise. It is currently present in ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait.
Contact Details:
Mr. Azhar Khan
Director, Securities Country Manager,
Phone: +971 4 604 4438
Mr. Jamshed Dhamodiwalla
Head of Securities & Fund Services Operations,
Phone: +971 4 604 4296
Address:
Direct Custody and Clearing,
Securities & Fund Services,
5th Floor, Al Wasl Branch,
Citibank NA UAE,
P.O. Box 749, Dubai, UAE