CITI CITED AS ‘MOST IMPROVED LENDER’ IN GLOBAL INVESTOR/ISF 2010 EQUITY LENDING SURVEY
Rated Number One for ‘Market Knowledge: Emerging Markets’ and ‘Operations: Trade Support/Settlement’
Ranked Among Top Three Providers in 17 Award Categories
New York - November 3, 2010 – Citi today announced that it was cited as "Most Improved Lender" in the 2010 Equity Lending Survey conducted by Global Investor/ISF magazine. In addition, Citi was rated the number one provider in the "Market Knowledge: Emerging Markets" and the "Operations: Trade Support/Settlement" award categories. In all, Citi's equity lending capabilities were ranked among the top three in 17 categories surveyed by the publication.
"We are very pleased with our showing in this year's Global Investor/ISF Equity Lending survey," said Neeraj Sahai, Global Head of Securities and Fund Services, Citi. "The results, based on the real-world experience of clients, demonstrate our greatly improved stature in the marketplace and reflect the benefits that our innovative solutions, extensive product knowledge and unsurpassed global scope bring to our equity lending clients around the world."
Among the accolades Citi received from clients that responded to the survey:
- "Citi has extraordinarily stable portfolios."
- "Excellent service and product knowledge."
- "Innovative and very willing to work with you."
- "Citi continues to improve its platforms year-after-year."
- "Always first into frontier markets and leads the development of the securities lending markets of Brazil and Chile."
The 2010 Equity Lending Survey published by Global Investor/ISF magazine, now in its 12th year, aims to measure perceptions by borrowers of the quality of the services provided to them by lenders.
Through its Securities and Fund Services business, Citi's industry-focused experts provide investors worldwide with tailored solutions delivered through proven global platforms that feature modular, open architecture. With over $12.4 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 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 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.