Danish-based Saxo Bank Group will also have access to Citi’s full suite of securities services and cash management capabilities.
Saxo Bank Head of Markets Claus Nielsen said that the bank has already has a close collaboration with Citi and look forward to expanding it even further.
"We need a strong partner like Citi as we move ahead with strengthening our global footprint and widening the scope of our product offerings. Citi can help us with our growth objectives by offering innovative and effective solutions in accordance with our requirements. For Saxo Bank, this is a unique opportunity to expand our global custody services for the benefit of our existing and new clients," Nielsen said.
