Citi Named Best Transaction Bank and Cash Management Bank by the Asset Magazine
Hong Kong, March 21, 2007 – Citi has been named Best Transaction Bank, Best Cash Management Bank, Best Corporate Specialist and Best Depositary Receipts Bank by the Asset Magazine, one of Asia's leading financial magazines. Citi also picked up country awards for Best Transaction Bank in Japan, Best Sub-custodian in Japan, Malaysia and Vietnam in the magazine's annual Triple A Transaction Banking Awards.
"The panel of editors at The Asset decided that Citi was the deserved winner of the Best Transaction Bank because over the last year they have continuously built out their transaction banking platform. Few institutions have the breadth and scope that Citi has when it comes to servicing transactions across the region," said the Asset in the editorial write up of the awards.
This year marks the 8th anniversary of The Asset Magazine Triple A Transaction Banking Awards which are conducted to identify excellence in the financial services industry.
"In deciding the winner of the Best Cash Management Bank, the editors at the Asset recognized that Citi has recorded a year full of new mandates and made a significant investment in sales consultant staff to ensure that evolving customer needs are met," said the Asset.
Anthony Nappi, CEO and Asia Pacific Head for Citi's Global Transaction Services business said, "We are honored to be selected by the Asset for these awards. These awards reflect the truly word-class organization that we are. We thank our clients for their support, and remain committed to being the provider of choice for our clients."
Citi, 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, securities brokerage, and wealth management. Major brand names under Citi's trademark red arc include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.