CLIENTS VOTE FOR CITI AS THE BEST GLOBAL CASH MANAGEMENT BANK IN EUROMONEY’S 2010 ANNUAL CASH MANAGEMENT POLL
New York - October 19, 2010 – Citi today announced that its Treasury and Trade Solutions business was voted the #1 Cash Management Bank globally for the fourth consecutive year in Euromoney’s annual cash management poll. In addition to capturing the top spot in the global poll, Citi also took top honors with four regional awards and 23 country awards as voted by clients.
"Our sole focus is to put the unique needs of our client first and to deliver the innovative products, tailored solutions and superior client service that help give them a competitive edge," said Paul Simpson, Global Head of Citi’s Treasury and Trade Solutions. "The Euromoney poll is a unique opportunity for clients to tell us how we’re doing in comparison to our peers, and that’s what is so gratifying about this win. On behalf of my Treasury and Trade Solutions colleagues around the work, I’d like to thank our clients for once again voting Citi #1."
Citi ranked #1 in the following four regions covered in the poll:
- Central and Eastern Europe
- Latin America
- North America
Citi was also voted Lead Domestic Cash Management Bank in 22 countries:
Financial Institution Results:
Clients also cast their votes to make Citi top-ranking regional winners in the following categories:
- Best USD Bank in Africa, Europe, Latin America, Middle East and North America
- Best YEN Bank in Africa, Latin America and Middle East
- Best EURO Bank in Africa and Middle East
- Best STERLING Bank in Africa, Latin America, Middle East and North America
Citi remains committed to providing clients with the most innovative tools and solutions, robust technology and access to its unparalleled global network. In addition to the global, regional and domestic poll wins, Citi was also highly ranked in the areas of Industry Expertise and Knowledge, Quality of Electronic Banking Security, Contingency Plan Capabilities/Preparedness, Robustness of Electronic Banking Platforms and Innovative Payment/Collection Methods in this year’s Service Satisfaction Rankings.
Global Transaction Services, a division of Citigroup’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, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2010, it held on average $340 billion in liability balances and $12.4 trillion in assets under custody.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 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.