Citigroup's Global Transaction Services Ranked Top in Asia Pacific Emerging Markets
Hong Kong and Singapore, January 24, 2007 – Citigroup Corporate and Investment Banking today announced that its Global Transaction Services custody business in China, India, Indonesia, Malaysia, Philippines, Sri Lanka, Taiwan and Thailand have been 'Top Rated' in the Global Custodian Agent Banks Emerging Markets Survey 2006.
Malaysia, China, Indonesia, Sri Lanka, in addition to the 5 major markets, rated number one overall, achieving the highest scores among all competing custodian banks in the survey.
Citigroup was also 'Top Rated' Globally, in Central and Eastern Europe as well as in the Americas & Caribbean regions. The 21 markets in which Citigroup is now 'Top Rated' are: Australia, Austria, China, France, Greece, Hong Kong, Hungary, India, Ireland, Indonesia, Japan, Malaysia, New Zealand, Philippines, Romania, Russia, Singapore, Sri Lanka, Taiwan, Thailand, and United Kingdom.
Mike Sleightholme, Asia Pacific Region Head of Direct Custody and Clearing said, "The Global Custodian ratings are based on the honest feedback and opinions of our customers, making these results especially important as they demonstrate we are living up to our shared responsibility to our clients. Our top-rating in Asia Pacific Emerging Markets exemplifies that Citigroup is putting its clients first everywhere that it does business."
Global Custodian Agent Banks in Emerging Markets Survey, now in its 18th year and regarded as a bench mark for the industry, is based on analysis of responses from the cross-border, non-affiliated (CBNA) domestic and affiliated clearing and custody clients of agent banks in 68 markets. Respondents rated their providers on 60 separate questions, divided into 10 service categories.
Global Custodian, founded in 1989 with a circulation of 20,000 investment professionals around the world, provides analysis and commentary on news and events in the international securities industry.
About Citigroup Corporate and Investment Banking
Citigroup Corporate and Investment Banking is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. As a global leader in banking, capital markets, and transaction services, with a presence in many countries dating back more than 100 years, Citigroup Corporate and Investment Banking enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.
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.