Citi today 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.
