Citigroup Hosts Conference for Regional Financial Institutions in Asia Pacific
China, Hong Kong, Japan, Malaysia, South Korea, Singapore, Sri Lanka, Taiwan, Thailand, Vietnam, June 21, 2004 – Citigroup, the world’s preeminent financial institution and global leader in trade and currency products, organized a client conference titled “Best Practices in International Banking” for its core regional Financial Institution clientele. 84 delegates representing 60 of Asia’s leading banks from 10 countries – China, Hong Kong, Japan, Malaysia, South Korea, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam – attended the conference, which took place between June 15 and 17 in Singapore.
Delegates were updated on Citigroup’s comprehensive suite of trade, currency and payment products including USD, Euro, JPY clearing services, Continuous Linked Settlement (CLS), Investments, and WorldLink® Multicurrency Transaction Services. Updates on SwiftNet, Payments System Risk Management, and regulations were also included. “The idea was to share best practices and learn from each other as business partners, and to elaborate on our transaction banking products to enable our clients to enhance their own services to their customers,” said Richard Brown, Managing Director and Financial Institutions Head for Citigroup in Asia Pacific.
Citigroup has the largest proprietary network in the world, spanning over 100 countries, and a correspondent bank network of over 3,000 correspondent banks. With flexible delivery options and the ability to handle global payment and clearing needs, Citigroup has emerged as the financial institution partner of choice. It constantly provides innovative solutions and services to address the requirements of leading Financial Institutions in Asia Pacific.
Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.
About Citigroup Global Transaction Services
Citigroup® Global Transaction Services is a leading provider of integrated cash management, trade and securities services for corporations, financial institutions, intermediaries and governments around the world. With over $ 115 billion in average liability balances, more than $ 6.7 trillion in assets under custody and the largest proprietary branch network, Citigroup’s award-winning operating systems and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Citigroup® Global Transaction Services provides clients with access to Citigroup’s full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, see www.transactionservices.citigroup.com
Citigroup Global Transaction Services is part of Citigroup's global corporate and investment banking group, which provides complete financial solutions to corporations, governments and institutional investors in more than 100 countries. Award-winning businesses include corporate and investment banking, sales and trading, transaction services, commercial finance and insurance products. Additional information can be found at: www.citigroupgcib.com