Citi Launches Network 3.0 to Expand and Enhance Suite of Investor Services
Program delivers industry best deadlines, 24-hour processing and improved risk
NEW YORK -- January 29, 2013
Citi has launched Network 3.0 with a suite of new investor service solutions
that leverage its global network in over 95 countries and on-the-ground local
More than ever, the ability for investors to meet performance objectives
relies on maximizing the efficiency of investment operations, accessing
critical decision-making information, and implementing strategies effectively
in markets that offer the most opportunity.
Core to Network 3.0 is the Integrated Custody program that will enhance
technical platforms and reengineer operational processes to deliver top-tier
levels of service including: industry best deadlines, 24 hour instruction
processing and improved risk management.
“Citi has a long history in shaping and accelerating change in securities
markets around the world," said Neeraj Sahai, Head of Securities and Fund
Services, Citi. “Network 3.0 is a global transformation initiative aimed to
redefine the way global investment support services are delivered in order to
achieve best in class service and meet the challenges of an ever evolving
“Network 3.0 leverages Citi’s global network by providing a connected gateway
offering increased efficiency and information that enables local access on a
global basis,” said Chandresh Iyer, Managing Director, Investor Services,
Network 3.0 has already delivered a series of key product and service
roll-outs and additional solutions will be delivered throughout 2013. Key new
*Network Direct -- a proprietary mobile platform, through which clients can
access detailed information on fund flows, local market practices,
transactions and counterparty exposures and speak live with local Citi
*Integrated Custody -- voluntary corporate actions response deadlines have
been extended to 24 hours before market deadlines in 10 key markets for
Global Custody clients. These are industry leading cut-off times that are
achieved through our on-the-ground proprietary network.
*Network Solutions -- a specialized team of experts that provide local
market knowledge and support for product development and distribution
support in over 95 markets.
*Market Infrastructure Risk Heat Map -- an innovative visualization tool
which gives institutional clients access to a comprehensive market
infrastructure risk analysis for each market in Citi’s global network.
*360 Client Insights -- a suite of interactive dashboards for client
coverage teams with an all-encompassing view of client custody data.
*Local Insights -- a series of profiles of individual markets that
leverages the expertise of Citi’s locally-based Securities Country
Managers for asset managers, institutions and intermediaries with local
For more information about Network 3.0, please visit
Citi OpenInvestor is the investment services solution for today’s diversified
investor that combines specialized expertise, comprehensive capabilities and
the power of Citi’s global network to help clients meet performance objectives
across asset classes, strategies and geographies. Citi OpenInvestor provides
institutional, alternative and wealth managers with middle-office, fund
services, custody, and investing and financing solutions that are focused on
their specific challenges and customized to their individual needs. For more
information, visit openinvestor.transactionservices.citi.com.
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
fourth quarter of 2012, it held on average $428 billion in liability balances
and over $13.2 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:
Nina Das, +1 212-816-9267
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