April 2, 2015
Hungary. Budapest. Citi Hungary was named the “Primary Dealer of the Year in 2014” by the Hungarian Government Debt Management Agency (ÁKK) for the fourth consecutive year.
In addition to this accolade, Citi Hungary’s Markets team was also named the “Primary Dealer with the highest primary market share in 2014 regarding Hungarian government bonds” for the third consecutive year. In addition, Citi was also recognized as being the second most active repo partner of ÁKK in 2014.
Aftab Ahmed, Citi Country Officer for Citi Hungary said, “Citi has been a longstanding partner of the Government of Hungary in attracting international investors from around the globe. We are proud to have won this award for the fourth consecutive year by which the government is acknowledging Citi Hungary’s outstanding overall performance in the sovereign debt market in 2014.”
Roman Kovac, Head of Markets in Hungary added, “These awards are based on a number of benchmarks, including primary market share and repo activity with the debt management agency and all of these represent a commitment to the sovereign debt market and our clients in Hungary.”
Primary dealers play a key role in providing sovereign financing for the central budget. ÁKK continuously monitors primary dealers’ performance, based on which it draws up the annual league table and recognizes the best performers in various categories. ÁKK launched this award program in 1997.
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