Clients Vote for Citi as the Best Global Cash Management Bank in Euromoney’s 2011 Annual Cash Management Survey
New York - October 7, 2011 – Citi today announced that its Treasury and Trade Solutions business was voted the #1 Cash Management Bank globally for the fifth consecutive year in Euromoney’s annual cash management survey. In addition to capturing the top spot in the global poll, Citi also took top honors with five regional awards and 13 country awards as voted by clients.
"Every day, our teams around the globe partner with our clients to help ensure that the solutions we deliver are relevant and help them achieve their objectives in an ever-changing business environment," said Naveed Sultan, Global Head of Citi’s Treasury and Trade Solutions. "The Euromoney survey provides our clients an opportunity to tell us how we’re delivering against this promise of being strategically relevant to their business priorities and operating models and I’d like to thank them for once again voting Citi #1."
Central and Eastern Europe
Citi was also voted Lead Domestic Cash Management Bank in 13 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 and North America
- Best EURO Bank in Africa
- Best STERLING Bank in Africa
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 Competitive Pricing, Industry Expertise and Knowledge, Quality of Electronic Banking Security, Quality of Personnel, Contingency Plan Capabilities/Preparedness, Overall Client Service, Technical Support and Guidance, Access to All Applicable Clearing Systems, and Innovative Payment/Collection Methods in this year’s Service Satisfaction Rankings.
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 supports over 65,000 clients. As of the second quarter of 2011, it held on average $365 billion in liability balances and $13.5 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. 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.
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