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Erste Group Bank has now joined the CitiConnect for Securities platform. Erste will be added as a third party broker, and will be able to accept electronic orders for central and eastern European markets including, Austria, Poland, Hungary, The Czech Republic, Croatia, Romania, Bulgaria, Serbia, The Slovak Republic, Slovenia, Lithuania, Latvia, Estonia, Turkey and Russia.
Kurt Gerhold, head of equity retail sales at Erste Group Bank, said: "For the past year we have enjoyed a valuable association with Citi as our provider of a single integrated electronic execution and custody solution. This new opportunity will enable us to provide extended market execution coverage for equities to Citi's clients."
Andrew Gelb, head of securities and fund services for Europe, the Middle East and Africa at Citi, said: "We are delighted by this further alliance with Erste Group Bank, and their broad footprint in central and eastern Europe. CitiConnect for Securities provides an exceptional operational offering by combining execution in equities and collective investment schemes with our custody services through an order driven trade to settlement service."
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