Malaysia: Citigroup Tops Global Custodian Emerging Markets Survey
Citigroup Inc. (NYSE: C), February 03, 2006, Kuala Lumpur -- For the seventh consecutive year, Citigroup has been awarded a “Top Rated” ranking in the Cross-Border category for Malaysia in the Global Custodian Emerging Markets Survey 2005. Citigroup was also ranked “Top Rated” for Domestic Custody services.
“The survey results underline Citigroup’s commitment to our clients and our continuing investments in leading edge technology”, said Sanjeev Nanavati, Country Head of Corporate and Investment Banking for Malaysia. “We have a strong team that is focused in delivering innovative solutions and services to our clients – an excellent example of this is the Agency Clearing and Settlement product we offer to local brokers who want to outsource their back office processing to us.”
The Global Custodian survey measures agent banks on the quality of service they provide both on a cross border and a local basis. Information for the third party survey is gathered during three months of interviews, which are sent to global custodians, brokerage firms, investment managers, insurance companies and their financial institutions.
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Citigroup (NYSE: C), 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, insurance and securities brokerage. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com
Citigroup Global Transaction Services
Citigroup® Global Transaction Services is a leading provider of integrated cash management, trade finance, and securities services for corporations, financial institutions, intermediaries and governments around the world. With over $ 121 billion in average liability balances, more than $ 7.3 trillion in assets under custody and the largest proprietary branch network, Citigroup’s award-winning operating systems and Internet-based delivery channels enable clients to manage and monitor working capital and investments more efficiently, streamline transaction processing cycles, and re-engineer receivables and payment processes. Citigroup® Global Transaction Services provides clients with access to Citigroup’s full range of capabilities and solutions along with an on-the-ground presence and in-depth knowledge of more than 90 local markets. For additional information, log on to http://www.transactionservices.citigroup.com.
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