CalPERS awards Citi $28 billion in assets
30 May 2012 Boston
Image: Shutterstock
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.”
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.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
