The Taiwan Depository and Clearing Corporation (TDCC) has selected Citi Securities Services to provide global custody services as part of its efforts to establish a new centralised custody platform in Taiwan.
The partnership will see Citi leveraging its extensive global custody network, which spans over 100 markets, including a proprietary sub-custody network in 63 markets that covers 95 per cent of the world’s market capitalisation, according to a Citi press release. This collaboration is expected to support investment flows on TDCC’s newly implemented platform.
Hsiao-Chi Wang, head of Citi Taiwan Securities Services, emphasises Citi’s role in supporting the liberalisation and internationalisation of Taiwan’s capital markets. She notes that Citi’s global network and local expertise would enable the bank to effectively support clients throughout the investment process.
