CITI WINS KEY AWARDS FOR INVESTOR SERVICES CAPABILITIES
Receives #1 rankings for "Global Custodian" and "Mutual Fund Administrator" of the Year
New York - May 27, 2009 – Citi today announced that its Global Transaction Services business is the recipient of multiple awards as the result of a client survey conducted by Global Investor magazine and a panel decision of industry judges coordinated by International Custody and Fund Administration (ICFA) magazine.
According to Global Investor’s 2009 Global Custody Survey, the weighted results placed Citi as the number one global custodian of the year. Citi was also recognized as having the greatest global footprint among providers surveyed.
Based solely upon direct input from its global custody clients, key rankings include:
- #1 Global Custodian (weighted)
- #1 Global Footprint
- #1 by Mutual Fund Managers (weighted)
- #1 by Mutual Fund Managers - Americas (weighted)
- #2 by the "GI 100" (weighted)
- #2 Americas (weighted)
- #2 Asia (weighted)
- #2 Sole Custodian EMEA (weighted)
The weighted categories attribute greater emphasis to the client’s assets under management. The "GI 100" is Global Investors’ list of the world’s top 100 asset managers based on assets under administration. These rankings, therefore, represent responses from among the world’s largest institutional investors and fund managers.
Now in its 22nd year, the Global Investor Global Custody survey solicits responses from clients rating their providers across 16 categories encompassing settlement, safekeeping and quality of client service as well as reporting capabilities, treasury services and technology.
In addition to its Global Custody expertise, Citi was recognized by ICFA as the premier global provider of Mutual Fund Administration services and Fund Administrator of the Year in Asia-Pacific, which was announced at a ceremony in London on May 7, 2009.
The awards were designated by the ICFA panel of judges, which included Dr. Werner Frey, CEO of the European Securities Forum, Angela Knight, CEO of the British Banker’s Association, Dr Chris Sier, a director at Alpha Financial Markets Consulting and Margie Lindsay, editor of Hedge Funds Review.
"We are very pleased and honored to receive this global distinction for our investor services capabilities," said Neeraj Sahai, Citi’s Global Head of Securities and Fund Services. "While it is most gratifying that an independent panel of experts has selected Citi, the accolades we have received from our clients -- institutional investors and fund managers across the globe - are even more rewarding. Together, they reflect the success of our strategy: enabling choice and flexibility with a full suite of investor solutions across multiple products, asset classes and geographies."
Global Investor magazine is one of the flagship titles published by Euromoney Institutional Investor plc. It was launched 20 years ago to focus on custody and fund administration, and is highly regarded in the global asset management community as a prestigious, credible title offering authoritative and timely coverage of the top players in the industry. Additional information may be found at www.globalinvestormagazine.com
About International Custody and Fund Administration (ICFA)
ICFA has been delivering in-depth and authoritative coverage of the investment back and middle office for 12 years providing readers with news, features, surveys and industry round tables - a key source of market intelligence for the securities servicing industry. With a permanent editorial presence in New York and London, ICFA presents in-depth and timely reporting on concerns and developments affecting all aspects of the industry. Additional information may be found at www.icfamagazine.com
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, Citi provides 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. Additional information may be found at www.citigroup.com or www.citi.com.