Citibank® Online Investments Launched In Asia
Australia, Singapore, Hong Kong, China, Vietnam, Sri Lanka, January 31, 2007 – Global Transaction Services, a business of Citigroup Corporate and Investment Banking, today announced the launch of its Citibank® Online Investments in Asia.
The new Web-based investment service will make it easier for companies to manage their liquidity by simplifying the investment and monitoring of cash balances. Citibank® Online Investments is a global investment service accessible with single sign-on to CitiDirect® Online Banking and TreasuryVision®. Institutional clients will be able to manage their cash and investments within one application and automatically settle all trades against their operating bank account, unlike most other platforms currently in the market.
Nigel Dobson, Head of Cash Management for Citigroup Global Transaction Services in Asia, said, " Citigroup continues to break new ground in liquidity management and investments. With this new service, we have provided institutional investors with many benefits, making investing cash an integral part of their overall cash and liquidity management process. Companies are looking to manage their cash in a comprehensive way, and our service integrates the investment process into the client account structure, cash flows and cash management systems for comprehensive, one-stop cash management."
The online channel provides institutional clients the convenience of viewing live rates, booking investments and reporting for a range of products from Citibank branches in Australia, New Zealand, Singapore, Hong Kong, China, Vietnam, Sri Lanka , New York and London.
Dobson added, "Citibank® Online Investments shows Citigroup's commitment to provide End-to-End Treasury integration of worldwide operational cash management with liquidity management, real-time information and execution tools to help our clients enhance their cash and funding efficiency".
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
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.