The new members of its Los Angeles team will be responsible for product sales and relationship management for the Mid-West and Western regions of the US.

The company said that OpenLend is an open architecture securities lending solution that leverages its global presence, risk management controls and trading strategies to help clients achieve their performance objectives.

Citi global head of securities finance for Global Transaction Services Tim Douglas said that client satisfaction is at the core of their OpenLend offering. Their new Los Angeles office will provide the on-the ground presence they need to deliver premier service and respond faster to their expanding client base.