CITI NAMED ’WINNER’ IN FOUR CATEGORIES IN GLOBAL INVESTOR’S 2010 BENEFICIAL OWNERS SURVEY
New York - January 13, 2010 – Citi today announced that it has been named "Winner" in four categories in Global Investor’s 2010 Beneficial Owners Survey. In particular, Citi’s securities finance capabilities were recognized as market leaders in the publication’s "Custodial Agent Lender: Weighted by lendable assets," "Custodial Agent Lender Europe: Weighted by lendable assets," "Custodial Agent Lender North America: Weighted by lendable assets" and "Custodial Agent Lender: Appointed Manager respondents: Weighted by lendable assets" categories.
In the annual survey, beneficial owners are asked to assess the performance of their securities lending agents.
In commenting about the specific drivers that contributed to Citi’s "Winner" designation, the publication cited Citi’s "technology," "global coverage" and "enhancements to its reporting system" - capabilities all in increasing demand by participants in the securities finance marketplace worldwide.
Among the comments from Citi’s clients in the Beneficial Owners Survey:
- "Relationship has improved during this difficult year."
- "Excellent service during crisis."
- "Very flexible with excellent reporting."
- "Continues to seek new revenue opportunities, product development and observes a good balance between quality and quantity."
- "Account management team is very responsive."
"We are very proud of our excellent results in this year’s survey," says Neeraj Sahai, Global Head, Securities and Funds Services, Citi. "We are particularly gratified that the findings demonstrate that our clients recognize that -- despite last year’s brutal market conditions - we are consistently delivering the quality of service they expect and deserve."
Through its Securities and Fund Services business, Citi’s industry-focused experts provide investors worldwide with tailored solutions delivered though proven global platforms that feature modular, open architecture. With over $11 trillion of assets under custody and the industry’s largest proprietary network, clients can leverage Citi’s local market expertise and global reach to extract value across the entire investment value chain.
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2009, it held on average $314 billion in liability balances and $11.8 trillion in assets under custody.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.