Using its Securities and Fund Services London global window, the US financial service organization will deliver custody and cash management services.
Grouping of both the services will enable Nationwide to slash costs and streamline operations, as well as assist to concentrate on its core business and adds value for its 15 million members.
Through a single access point and a consistent product offering, Citi’s global custody services delivers a one-stop service for transaction settlement, safekeeping, administration, and reporting of global investments.
The Nationwide Building Society have already been using Citi services for cash management processing, issuing and paying services which are critical functions required by the Treasury Division in its assets and liabilities management.
Having $13.5trn in assets under custody and administration, Citi OpenInvestor offers institutional, alternative and wealth managers with middle office, fund services, custody, and investing and financing services.
