Clients Worldwide Choose Citi As The Best Global Bank For Cash Management In Euromoney Annual Poll
Citi Voted Best Globally And In 15 Geographic Regions
New York, October 22, 2007: Citi announces that it has been named the #1 ranked cash management bank globally in Euromoney's annual cash management poll. In addition to capturing the top spot in the global poll, Citi also took top honors in 15 individual regions covered in the poll. These regions include: Western Europe, Nordic & Baltic, Central & Eastern Europe, North America, Brazil, Central America, Caribbean, South America (excl. Brazil), Japan, North Asia, South-East Asia, South Asia, North Africa and Sub-Saharan Africa.
This year's poll, conducted annually by Euromoney, polled 11,988 cash managers, treasurers and financial officers from 89 countries around the world. As part of the poll, respondents were asked to name the top three banks used for the majority of their cash management services and rate those providers on a sliding scale in a number of categories. Results of the poll were based on valid responses from 3,801 participants.
Citi was also ranked highly by clients in many service categories, including a #1 ranking for overall service and in categories such as: Provision of Cross-Border Cash Pooling, Availability of Global Banking and Electronic Tools, Innovative Payment and Collection Methods, Global Liquidity Capabilities, Bank Credit Rating, and Comprehensive Electronic Banking Capabilities.
“Citi delivers cash management as an end to end service, ”says Paul Galant, CEO of Global Transaction Services at Citi. “To enable our clients to succeed, we deliver innovative tools, global connectivity and critical information to give them the visibility and transparency to enhance their treasury functions. This means open architecture, industrial scale globally consistent platforms, excellent service, real-time information and the analytical framework to allow them to act on actionable advice before cut-off times. These combined capabilities enable our clients to administer their business and treasury functions consistently in the 100+ countries in which our people serve on the ground.”
“Our goal, first and foremost, is the satisfaction of our clients with our services, ”says Francesco Vanni d'Archirafi, Global Head of Cash Management at Citi's Global Transaction Services unit. “The Euromoney poll is significant in that it is an opportunity for our clients to tell us how we're doing relative to our peers. This win underscores the work being done each day to keep clients at the center of all we do. We win when our clients win.”
Global Transaction Services, a division of Citi Markets & Banking, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network spanning over 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the 3rd quarter of 07, it held $255 billion in liability balances under administration and $12.5 trillion in assets under custody and trust.
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. Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.