Clearing bank of the year: Citi
Asia Risk Awards 2022
The collapse of Archegos Capital Management at the start of 2021 proved a massive headache for banks’ prime brokerage divisions. This saw at least one global player pull out of the market and others scale back significantly. This handed Citi an opportunity, and came just as the US bank was ramping up its own clearing business.
The biggest development for Citi over the past 12 months has been the integration of its clearing platform with the bank’s broader equities and prime franchise. This was
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