Citi Named Best Global Treasury and Cash Management Provider by Global Finance Magazine
Garners eight additional awards recognizing continued regional and category leadership
New York, NY - January 31, 2011 – Citi announced today that it has been ranked the number one Treasury and Cash Management provider by Global Finance magazine. For the ninth consecutive year, Citi has ranked as the top global provider in the industry. Citi was also named best Treasury and Cash Management provider in Latin America for the third consecutive year.
Each year, Global Finance editors – with input from industry analysts, corporate executives and technology experts – select the best providers of treasury and cash management services. A variety of subjective and objective criteria are used for choosing the winners. Factors considered included: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management banks have successfully differentiated themselves from their competitors around core treasury and cash management service provision.
In addition to the Global and Regional win, Citi was also ranked number one in the following categories:
- Best Bank for Liquidity Management - Latin America
- Best Bank for Risk Management - Africa, Asia, Latin America, Middle East
- Best Bank for Payments and Collections - Latin America
- Best Treasury Management Systems & Services Providers - Citi for Payroll Services
"Citi is honored to be recognized for the ninth consecutive year as the best global Treasury and Cash Management provider and to have been named the inaugural winner in the new Best Payroll Services provider category," said Paul Simpson, Managing Director and Global Head of Treasury and Trade Solutions with Citi’s Global Transaction Services. "We are continuing to invest in new innovations as our clients around the globe rely on us to help them remain competitive and grow their business in the evolving global business landscape."
About Global Transaction Services
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 2010, it held $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.