ROMANIAN CENTRAL SECURITIES DEPOSITORY APPOINTS CITIGROUP AS PARTNER FOR SECURITIES DIVIDEND PAYMENTS
Amsterdam, London - October 27, 2010 – The Romanian Central Securities Depository (CSD) has partnered with Citi to provide listed companies with an efficient, secure and cost effective way of distributing cash dividends across the entire country. In leveraging Citi’s expertise and capability, the alliance strengthens the Romanian CSD’s position in the financial infrastructure of the country.
Kevin Rideout, Global Head of Market Infrastructures Group for Citi’s Global Transaction Services said: "We are very pleased to expand our relationship with the Romanian CSD. They are one of the most innovative and pro-active CSDs in the world and are consistently exploring new revenue streams whilst remaining safe and secure as per the mandate of a CSD. I want to congratulate CEO Adriana Tanasoiu and the team on a successful launch of the dividend payments solution."
CEO of the Romanian Central Securities Depository, Adriana Tanasoiu commented: "In an ever changing landscape, there is no room to stand still. We continue to innovate and progress in a safe and secure manner, increasing the value proposition of our organisations to our members and all Romanian people. We are pleased to work on another strategic initiative with Citigroup. They are a renowned global bank that combines global experience and capability with our local knowledge and local drive."
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.
For more information on Citi’s Global Transaction Services, visit www.transactionservices.citigroup.com/transactionservices/home/
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through 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.