Leading Sub-Custodian Financial Institutions in Latin America for the Year 2025

In the dynamic world of finance, the T+1 transition is causing a significant stir in Latin America. Major players, including Argentina and Mexico, are set to implement this industry-changing development in 2024, with Chile, Colombia, and Peru targeting 2027. One institution at the forefront of this transformation is Citi.

Citi is collaborating closely with regulators, central securities depositories (CSDs), and trade associations across the region. In Argentina, Citibank is working diligently to improve proxy voting levels by moving to electronic channels. Similarly, in Mexico, Citi is enhancing its prematching functionality for greater trade transparency and efficiency.

The selection process for institutions involves a comprehensive evaluation, considering factors such as customer relations, quality of service, technology platforms, and post-settlement operations. This evaluation also takes into account an institution's knowledge of local markets, regulations, and practices. Our editorial board, which considers market research, expert sources, and bank entries, is responsible for this rigorous selection process.

Citi Latin America is one of the institutions considered for providing the best services in local markets and regions. The Citi custody system, planned for implementation in Latin American countries including Mexico, Brazil, and Chile by 2027, offers significant operational synergies and service consistency throughout the post-trade lifecycle.

Moreover, Citi's Latin American business is part of a vast network that offers institutional investors access to 63 global markets. This extensive network, combined with Citi's local expertise, makes it an attractive choice for clients increasingly entrusting Citi to handle their proxy voting. In 2024, corporate actions processed by Citi rose significantly, reflecting this growing trust.

Citi is also instrumental in facilitating infrastructure and process improvements within the sector in Argentina, Mexico, Panama, and Peru. The platform can be customized based on country-specific requirements, including the processing of trades, settlement confirmations, and trade recordkeeping.

With a presence in seven countries across the region, Citi Latin America operates the most extensive custody franchise in the region. This commitment to the region, coupled with its robust services, positions Citi as a key player in Latin America's financial future.