Citi’s Global Transaction Services Business Adds Canadian Cash Management Expertise
Toronto, Ontario - June 2, 2011 – As the company continues to grow its suite of products and services for corporations, financial institutions and the public sector, Citi's Canadian Global Transaction Services (GTS) business is pleased to announce the appointment of Stephanie Zee as Head of Cash Management.
In this role, Ms. Zee will be responsible for the continued expansion of Citi's global cash management business in Canada. More effective management of cash has been shown to assist large organizations in streamlining their business processes, realizing greater operational efficiencies, reducing financing costs, achieving greater returns on assets and managing working capital more effectively.
Ms. Zee joins Citi after holding roles at Intact Financial Corporation and Scotiabank.
"Over the past year we've made many changes and investments in our people and infrastructure to position our business for success," said John Landry, Managing Director and Head of Citi's Canadian GTS organization. "Our domestic and international cash management product capabilities have developed successfully over the past 25 years. We see substantial opportunity in the extension of our cash management offerings through new features, adaptation to new sectors, innovative packaging, enhanced coordination and new product line launches.
" In January, Citi was recognized for the ninth consecutive year as the best global Treasury and Cash Management provider by Global Finance Magazine.
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, Citigroup's Global Transaction Services business supports over 65,000 clients. As of the first quarter of 2011, it held on average $355 billion in liability balances and over $13 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