Citigroup Hosts Conference for Regional Financial Institution Correspondent Banks in Asia Pacific
April 7, 2006 — Citigroup, the world’s preeminent financial institution and global leader in transaction banking, held a very successful client conference titled “Partnering for Growth” for its regional Financial Institution Correspondent Banking clientele. Over 130 delegates representing 68 of Asia’s leading banks from 13 countries attended the conference, which took place between March 27 and 30 in Bangkok.
The agenda included a wide range of topics including; a review of the global economic outlook with an emphasis on the Asian markets, a perspective on the “Future of Financial Services in Asia”, the latest industry developments in Swift and CLS and their impact on Asian financial institutions, and the European Union’s changing payments infrastructure.
Delegates were also updated on Citigroup’s comprehensive suite of Cash Management and Trade solutions including USD Clearing, European Clearing, Cross-Border payments, and trade outsourcing. Discussions on risk management and corporate governance rounded out the agenda.
“The objective of the conference was to share best practices, learn from each other as business partners, and elaborate on our transaction banking products to enable our clients to enhance their own services to their customers The demand to stay competitive and continue to grow has become increasingly more complex and working together in a mutually beneficial partnership can increase the probability that we can all be more successful” said Anthony Nappi, Asia Pacific Region Head of Global Transaction Services, Citigroup Corporate and Investment Banking.
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. Citigroup consistently provides innovative solutions and services to address the requirements of leading Financial Institutions in Asia Pacific.
Notes to Editors
Citigroup (NYSE: C), the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and Banamex. Additional information may be found at www.citigroup.com.
About Citigroup Corporate and Investment Banking
Our Corporate and Investment Banking group achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients - our diverse and talented staff in some 100 countries advises companies, governments, and institutional investors on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. Core business lines under Citigroup Corporate and Investment Banking include Global Capital Markets, Global Banking and Global Transaction Services.