Clients Around the World Vote for Citi as the Best Global Cash Management Bank in Euromoney’s Annual 2009 Cash Management Poll
New York - October 19, 2009 – Citi today announced that its Treasury and Trade Solutions business was voted the #1 Cash Management Bank globally for the third consecutive year in Euromoney’s annual cash management poll. In addition to capturing the top spot in the global poll, Citi also took top honors with 5 regional awards and 24 country awards as voted by clients.
"I’d like to express my thanks to our clients around the globe for their strong vote of confidence and support of Citi’s Treasury and Trade Solutions business. What’s unique about the Euromoney poll is that it allows our clients an opportunity to compare our capabilities against that of our peers, " said Paul Simpson, Global Head of Citi’s Treasury and Trade Solutions. "These results underscore the fact that Citi continues to lead the industry in delivering best-in-class capabilities, service and innovation for our clients".
"We have a client-centric flows business that has delivered strong, consistent growth over the last five years, which is what makes Global Transaction Services -- and Treasury and Trade Solutions within it -- a key component of Citicorp and the company’s strategy going forward. We have become the financial operating system for many of the largest multinational corporations in the world, and the results from the Euromoney poll testify to our clients' trust and confidence in us," said Francesco Vanni d’Archirafi, Chief Executive Officer of Citi’s Global Transaction Services business.
Citi ranked #1 in the following five regions covered in the poll:
- Central America and Caribbean
- Central and Eastern Europe
- North America
- South America
Citi was also voted Lead Domestic Cash Management Bank in 24 countries:
- Cote d’Ivoire
- Czech Republic
- South Korea
Financial Institution Results:
Clients also cast their votes to make Citi top-ranking regional winners in the following categories and countries:
- Best USD Bank in Africa, Asia, Europe, Latin America, Middle East and North America
- Best YEN Bank in Africa, Europe, Latin America, Middle East and North America
- Best EURO Bank in Africa and Latin America
Citi is committed to providing clients with the most innovative tools and solutions, robust technology, and access to it’s unparalleled global network. As evidence of this, Citi is very proud of its high rankings in this year’s Service Satisfaction Rankings. Most notably Citi tops the charts in Overall Service, Global Liquidity Capabilities, Innovative Payment/Collection Methods and Comprehensive Electronic Banking Capabilities.
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 that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2009, it held on average $314 billion in liability balances and $11.8 trillion in assets under custody.
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.