Citibank wins Prudential Assurance Malaysia's custody mandate

Citibank has won new custodial business in Malaysia, amid growth of more than 80% in the past 20 months.

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.

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