Raiffeisenbank has become a Participant of the Astana International Exchange Central Securities Depositories (AIX CSD), thereby allowing international institutional investors to hold their assets at the AIX CSD under the bank’s custody.
For a wide range of securities, Raiffeisenbank offers a multi-market approach for centralized and effective post-trade safekeeping of assets around the world. Cooperation with Raiffeisenbank will help AIX clients meet standardized legal and operational framework, while optimizing and simplifying network management and alleviating operational risks in a fast-growing frontier market.
CEO of AIX CDS, Anna Kolesnichenko, noted:
“Raiffeisenbank, a Tier-1 custodian within the CIS region, now joining the AIX CSD means that frontier and emerging markets funds will have a trusted custodian to safekeep their cash and securities within our CSD. It is also a clear sign of confidence from an international bank in the AIX marketplace, and a sign for other large international custodians to follow this path.”
Evgenia Klimova, Head of Custody, Raiffeisenbank said: “We are glad to become the first international participant of AIX which has proven the efficiency of its business model in a short period of time. AIX is a platform, which is widely respected by investors. Thanks to cooperation with AIX, now Raiffeisenbank covers Kazakhstan’s market fully and performs as the hub for RBI Group in the context of holding assets in one of the key regions of CIS.”
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