Citibank wins Prudential Assurance Malaysia's custody mandate

Citibank has been appointed custodian for Prudential Assurance Malaysia this week, providing settlement and clearing services for the insurer's life and investment-linked funds in Malaysia. At Prudential's request, the amount of assets under custody has not been disclosed.Anthony Galliano, Citibank's Worldwide Securities Services head in Asia, sees the new mandate as an extension of the relationship between the two institutions. Apart from being a part of Citibank's investor base, Pru…