Citi Named Best Global Treasury and Cash Management Provider by Global Finance Magazine
March 15 2012 - 9:57AM
Business Wire
Global Finance magazine has ranked Citi the number one Treasury
and Cash Management provider. For the tenth consecutive year, Citi
has ranked as the top global provider in the industry. Citi was
also named best Treasury and Cash Management provider in Latin
America for the fourth consecutive year.
Each year, Global Finance editors – with input from industry
analysts, corporate executives and technology experts – select the
best providers of treasury and cash management services. A variety
of subjective and objective criteria are used for choosing the
winners. Factors considered included: profitability, market share
and reach, customer service, competitive pricing, product
innovation and the extent to which treasury and cash management
banks have successfully differentiated themselves from their
competitors around core treasury and cash management service
provision.
In addition to the Global and Regional win, Citi was also ranked
number one in the following categories:
- Best Bank for Liquidity Management -
Latin America
- Best Bank for Risk Management - Africa,
Asia, Latin America, Middle East
- Best Bank for Payments and Collections
- Latin America
- Best Treasury Management Systems &
Services Providers - Citi for Best Purchasing Card Program
"The global business environment continues to be challenging so
it is important that as we deliver new solutions, we ensure that
what we’re delivering is strategically relevant to our clients’
business priorities and operating models, while also ensuring our
existing platforms remain world class and meet the daily needs of
our clients," said Naveed Sultan, Global Head of Treasury and Trade
Solutions with Citi's Global Transaction Services. "Our teams
around the globe work hard to deliver on this promise and we are
pleased to once again be recognized as the best treasury and cash
management provider globally."
For the first time, Citi was recognized for its innovative
Purchasing Card solution. Citi’s suite of B2B card solutions
leverages the industry’s largest global issuing footprint. Citi has
rapidly expanded around the globe while providing clients with the
consistent business experience that only a common unified
technology platform and lack of reliance on bank partners can
provide. As a result, Citi clients around the world benefit from
consistent customer service, functionality, reporting, and new
innovative products.
In addition to its suite of Purchasing Card solutions, Citi’s
Commercial Card portfolio includes its award-winning Virtual Card
Accounts solution, Travel & Entertainment cards, Project,
Meeting and Fleet Card capabilities as well as Buyer Initiated
Payment Cards.
“Citi is very pleased to have won the Purchasing Card award,”
added Naveed Sultan. “We have worked hard to build the
infrastructure necessary to support our global clients and their
objectives. This award validates our long-held strategy of
providing the largest proprietary global network in the industry in
order to provide clients with increased flexibility and cost
efficiencies."
Global 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
Global Transaction Services supports over 65,000 clients. As of the
fourth quarter of 2011, it held on average $368 billion in
liability balances and $12.5 trillion in assets under custody.
About Citi:
Citi, the leading global financial services company, 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 | LinkedIn: www.linkedin.com/company/citi
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