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Citi Awarded Top Rating for Global Mutual Fund Administration in a Survey of the World’s Leading Asset Managers for the Second Year in a Row

New York, NY - September 5, 2012 – Citi was ranked, for the second year in a row, as Top Rated global mutual fund service administrator by the world’s leading asset managers in the 2012 Mutual Fund Administration Survey compiled by Global Custodian. Citi was the only provider among all 13 evaluated to be Top Rated both globally and across Asia-Pacific, Europe and North America. Among the leading global providers, Citi was ranked #1 in Asia-Pacific and North America, and #2 in Europe. Citi also gained 68 Best in Class commendations for services across asset classes, strategies and geographies.

The Mutual Fund Administration Survey, now in its 11th year, evaluates the performance of fund administrators with each other and within individual markets. The results are based entirely on reports from clients on the performance of service providers.

Global asset managers are looking to leverage product distribution across regions, respond to tougher investor demands for transparency and accommodate increasing regulatory requirements. Independent client surveys help managers evaluate and select service providers.

"We are grateful to learn that clients recognize how Citi’s global banking network and deep local market expertise helps them expand and diversify their business across regions, borders and time zones," said Neeraj Sahai, Head of Securities and Fund Services, Citi. “We are pleased that our clients approve of the job we’re doing and that we’re delivering against our commitment to the best-quality service.”

Citi is a leading global service provider to the fund industry with over $1.5 trillion in assets under administration. Citi offers fund and partnership accounting, fund administration, transfer agency, compliance support, regulatory support, alternative investment services and a full suite of asset manager solutions through Citi OpenInvestorSM.

Citi OpenInvestor is the investment services solution for today’s diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies, and geographies. With award-winning service and unmatched scale, Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients’ specific challenges, customized to their individual needs. For more information, please visit openinvestor.transactionservices.citi.com.

Citi 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 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the second quarter of 2012, it held on average $396 billion in liability balances and over $12 trillion in assets under custody.

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About Citi
Citi, the leading global bank, 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.

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