Citi Appointed By MNPA To Process Overseas Pension Payments
London, 18 June 2007 – MNPA, the multi award winning provider of third party administration and related services to UK pension schemes, has appointed Citi to process overseas payments.
Citi will work with MNPA to support the regular electronic payments to overseas pensioners through its market leading Worldlink® Payment Services. Worldlink® Payment Services is used by thousands of corporations, financial institutions and governments around the world to process international payments in over 135 currencies.
Nigel Downey, Finance Director at MNPA, said, "We are pleased to be working with Citi to provide our clients and their pensioners with an enhanced international payments solution that will provide them with the increased automation, reliability and security they require."
Naveed Sultan, Head of Cash Management for Europe, Middle East and Africa, Citi, said, "We are delighted to be working with a market leader such as MNPA to enable them to serve their clients' cross border needs more effectively. The combination of our unparalleled global network and extensive experience processing overseas pensions payments for governments and other entities around the world creates a best in class solution for MNPA's clients and their pensioners."
For information on Worldlink® Payment Services, please visit www.worldlink.com.
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.