Citi heads mandate wins with £10 billion Nationwide appointment
Citi picked up a £10 billion custody mandate from Nationwide Building Society while RBC and BNY Mellon also registered major wins
Citi registered the largest publicly disclosed new appointment over the past quarter, at £10 billion, to act as custodian to Nationwide Building Society's assets held in Euroclear and DTC. The assets were migrated to Citi’s London-based securities and fund services unit in June.
Nationwide, the world’s biggest building society with around 15 million members, already uses Citi for cash management processing, issuing and paying services.
Among Citi’s other successes, a mandate was renewed by Excel
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