HRG and Citi Announce Preferred Relationship
London - November 29, 2012 – Hogg Robinson Group (HRG), the award-winning international corporate services company, and Citi Commercial Cards, part of Citi’s Transaction Services division, today announced that they have entered into a preferred relationship to deliver enhanced travel program solutions to the market.
With operational networks in over 100 countries, HRG and Citi Commercial Cards will work closely to bring to market a number of travel industry innovations that will combine Citi Commercial Card business’s leading solutions with HRG’s expert travel, meetings, expense, data and advisory management services. This relationship provides the opportunity to further enhance the central travel account proposition, as well as investing in next-generation products within the travel sector.
David Radcliffe, Chief Executive, Hogg Robinson Group, comments: “Today’s announcement with Citi Commercial Cards gives us the foundations of a preferred relationship with a major global card issuer for the development and delivery of new integrated solutions. There is great synergy between Citi and HRG. We share a vision and a commitment to bring new offerings to the end-to-end process of travel, payment and expense management. Our relationship will see us maximizing the power of our intellect and technologies to ensure the very best integrated solutions for our clients.”
“We are excited to be working with HRG, one of the world’s premier travel management companies,” added Manish Kohli, Global Head of Commercial Cards, Citi Transaction Services.
“The scope of our combined services will offer considerable value to our mutual clients across Industries and Geographies, enabling our Clients to transform their Travel Programs and optimize their expense base.”
Citi Commercial Cards will continue to work with all other travel management providers and HRG will maintain its capability to work with all issuing banks and card processors.
Hogg Robinson Group plc (HRG) is the award-winning international corporate services company. Established in 1845 and headquartered in Basingstoke, Hampshire, UK, HRG specializes in travel, expense and data management underpinned by proprietary technology. With a worldwide network that comprises over 120 countries, HRG provides unparalleled global expertise and local knowledge in North America, Europe, Asia Pacific, Africa, Latin America and MEWA. Read the latest HRG news and search our archives.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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, transaction services, and wealth management.
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About Citi Transaction Services
Citi 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 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the third quarter of 2012, it held on average $415 billion in liability balances and $12.8 trillion in assets under custody.