New York – Citi was named Custodian of the Year in Latin America by Custody Risk Magazine for the third year in a row. The 2018 Custody Risk Awards, produced in association with Risk.net, are judged by an expert panel of judges and celebrate outstanding achievement in custody, fund administration, securities services and technology.
"We are delighted to receive this recognition," said Ricardo Hesse, Head of Securities Services Latin America. "We strive to be a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress in the region."
Citi's proprietary network in over 60 markets is the largest in the industry, and the firm has been a leading provider of custody services in Latin America for over two decades. Citi provides asset servicing and transaction functions primarily to intermediaries, fund managers, insurance companies and other global investors.
"We believe this award is a testament to Citi's greatest strengths—our people, expertise and relentless drive for innovation," said Hesse. "New technology such as robotics and artificial intelligence is helping us to operate under the most rigorous controls while ensuring consistency of service across markets."
In 2018, Citi deployed natural language processing and robotic process automation initiatives within its cash and securities systems in Brazil and Peru. In Mexico, Citibanamex enhanced its direct linkage to the depository to provide faster trade execution, eliminate manual intervention in the settlement process and increase volume capacity.
Citi, the leading global bank, 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://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.
For more information please visit http://www.citigroup.com/latinamerica.
Citi Latin America
+1 (305) 420-4292