CalPERS awards Citi $28 billion in assets 30 May 2012Boston Reporter: Georgina Lavers
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Citi was granted access to $28 billion of securities lending assets held by CalPERS in an auction conducted by eSecLending.
The lending auction was of $43 billion in US equities, with the remaining assets awarded to other participating bidders and to eSecLending’s discretionary lending programme.
“We are thrilled to have won these assets and deepen our relationship with CalPERS," said Alan Pace, head of prime finance in the Americas at Citi.
“This win is a testament to the growth we have experienced in our Prime Finance franchise as well as our continued commitment to provide our clients with access to the highest quality borrow.”
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