15 Jun 2023

Citi Named 2023 Best Sub-custodian Bank in Latin America


Miami, FL For the 20th consecutive year, Citi was recognized as the Best Sub-custodian Bank in Latin America by Global Finance Magazine. Additionally, Citi also won Best Sub-custodian Bankin Argentina, Colombia, Mexico, Panama, Peru, and Chile (Banco de Chile*).

“We are honored to be recognized as Latin America's leader in custody services for the 20th year in a row," said Ricardo Hesse, Head of Securities Services for Latin America, Citi. "These awards are a testament to Citi’s leadership in the region, where we have participated in major market developments and projects, including the implementations of digital platforms and upgrades to cybersecurity over the past year. We continue to be committed to our role as a trusted advisor and partner, focused on the development of the local capital markets across Latin America.”

For the last five years, Citi has continually worked with the central securities depositories, the stock exchanges and through other industry channels to foster a market standard for proxy voting so that all issuers offer remote participation in conjunction with physical attendance.

Citi's custody business provides clients an industry-leading proprietary network spanning more than 60 markets globally. Citi is the leading custody provider in Latin America with over 70% of the market share throughout region and has a dominant local presence in Argentina, Brazil, Colombia, Mexico, Peru and Panama.

The Global Finance World's Best Sub-custodian Banks 2023 awards recognized the institutions that reliably provide the best services and knowledge of local regulations and practices in local markets and regions based on market research, input from expert sources and entries from banks to select the award-winning institutions.

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

With around US$26.2 trillion of assets under custody, administration and trust and an industry-leading proprietary network spanning over 60 markets, Citi Securities Services provides clients with extensive on-the ground local market expertise, innovative post-trade technologies, customized data solutions, and a wide range of securities services that can be tailored to meet clients’ needs.

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*Banco de Chile operates as a Sub-custodian of Citi in Chile.

Media Contact        

Alexandra Ravinet: +1 (305) 420-4292,


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