Citi and Dubai Financial Market tie up for custody

Citi has signed a depository participant agreement with the Dubai Financial Market (DFM) to provide custody of DFM-listed securities to institutional and international clients. The tie-up will also help to expand the exchangeÆs institutional investor base.By acting as a depository participant, banks offer custodial services in the market for DFM-listed securities. These services include account management, protection of client assets, settlement of securities activity, handling post-t…