Citi Cited As Best In Securities Services Industry In Three Categories In ICFA Global Awards
Named Global Mutual Fund Administrator of the Year, Global Broker/Dealer Custody & Clearing Provider of the Year, and Asia and Australia Fund Administrator of the Year
New York - Citi today announced that it was named the number one securities services provider in three categories in the ICFA Global Awards 2008. Specifically, Citi was cited as Global Mutual Fund Administrator of the Year, Global Broker/Dealer Custody & Clearing Provider of the Year and Asia and Australia Fund Administrator of the Year.
"We are very pleased with our outstanding showing in this year's ICFA Awards," says Neeraj Sahai, Managing Director, Global Head of Securities and Fund Services, Citi. "Our top-place performance in these three highly competitive categories demonstrates that the global marketplace is increasingly recognizing the industry-leading value of the scale and scope of our securities services solutions."
The ICFA Awards, now in their sixth year, are one of the securities services industry's leading awards programs and recognize the merits of providers who demonstrate genuine quality, consistency and innovation, with the ability or provide highly efficient, cost effective solutions to clients.
Global Transaction Services, a division of Citi's Institutional Clients Group 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 1st quarter of 2008, it held on average $283 billion in liability balances under administration, and nearly $13 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 brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.