Citi Awarded Highest Number of Top Ratings in latest Global Custodian Major
Markets Agent Bank Survey
NEW YORK -- December 18, 2012
This year marked the 23rd anniversary of Global Custodian’s Agent Bank in
Major Markets Survey, which measures client perceptions of the quality of the
clearing and settlement and asset servicing duties of agent banks. Citi is
proud to announce outstanding achievements again in this year’s survey, which
continue to showcase our commitment to creating an industry-leading product
and service offering to our clients worldwide.
Highlights of Citi’s performance in the survey:
*Citi remains the only player to achieve Top Rated status in the Global
category for both Leading and Cross-Border/Non-Affiliated (CB/NA) clients.
*Citi retained Top Rating for the regional categories for Asia/Australasia
and Western Europe and Commended for North America.
*Out of the 21 markets rated in the survey globally, Citi was awarded Top
Rated in 16 markets, earning the total of 28 Top Rated rankings in the
Cross-Border / Non-Affiliated or Leading Client categories. These are the
highest number of Top Rated rankings in comparison to all providers
participating in the survey.
*Setting a record in Greece, Citi has again been awarded Top Rated for all
clients participating in the 2012 survey, achieving this prestigious
status for the 14^th consecutive years running.
“We would like to thank all our clients for their continued support and
valuable contribution in this survey,” said Lee Waite, Global Head of Direct
Custody and Clearing, Citi. “In a challenging business environment, our
clients’ ongoing participation allows us to gain a deeper understanding of
your perceptions and satisfaction with the quality of our people, technology
and services as benchmarked against the industry. We are extremely grateful
for the time taken to complete this survey.”
For the full results and further information, please refer to Global
Custodian’s Press Release:
http://home.globalcustodian.com/pressreleaseshow.do?id=99. For additional
information about Citi's award-winning solutions, please visit:
Through its Securities and Fund Services business, Citi’s industry-focused
experts provide institutional investors worldwide with tailored solutions
delivered through proven global platforms that feature modular, open
architecture. With $12.8 trillion of assets under custody and the industry’s
largest proprietary network, clients can leverage Citi’s local market
expertise and global reach to extract value across the entire investment value
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 over $12.8 trillion in assets under custody.
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.
Additional information may be found at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Danielle Romero-Apsilos, 212-816-2264
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