New York, United States
Citi announced that it received four "Top-Rated" rankings in the 2007 "Global Custody" survey conducted by Global Custodian. Specifically, it earned chart-topping rankings in Asia and Europe, and from Institutional Investors and firms with assets of less than $1 billion. Citi's global custody capabilities were also cited with a record 58 "Best in Class" awards in the service areas surveyed by the publication.
Citi has more than $13 trillion assets under custody spanning 88 markets, including 46 that are on proprietary networks. Citi offers a range of custody services through a global proprietary network that enables clients to manage their securities portfolios, financial positions and investments.
"We are very pleased with our outstanding showing in this year's Global Custodian survey," says Mary Fenoglio, Head of Global Custody at Citi. "The findings represent our real-world performance and commitment to the industry and our clients around the world. The survey results further demonstrate the scale and scope of our capabilities, and we look forward to continuing to help our clients succeed in the markets that we serve."
This year's study marks the 16th Global Custodian annual assessment of global custodian banks, and the seventh to incorporate the perceptions of clients. Clients submitted a questionnaire designed for either Institutional Investors (pension funds and insurers not managing funds) or Fund Managers (any entity managing funds, including insurers and pension funds). Institutional Investors were surveyed in 14 client service categories and Fund Managers were surveyed in 11 service categories.
Global Transaction Services, a division of Citi Markets & Banking, 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 spanning over 100 countries, Citi's Global Transaction Services supports over 65,000 clients. As of the 4th quarter of 07, it held on average $245 billion in liability balances and $13.1 trillion in assets under custody.
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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. Citi's major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in Citigroup's filings with the Securities and Exchange Commission.
Source: Business Wire (Business Wire India)