London – Citi has been awarded World's Best Investment Bank at the Euromoney Awards for Excellence, held in London on July 11. The bank was also named World's Best Bank for Financing and World's Best Bank for Corporate Responsibility.
Commenting on Citi's success, Euromoney noted that: "The rationale behind Citi's nomination as the world's best investment bank this year is simple, but impressive. In every part of the world that Euromoney considered the credentials of the leading regional investment banks, Citi was a genuine contender.
"These arguments speak to two incontrovertible facts about Citi's Institutional Clients Group (ICG) today: no other firm comes close to the scale and breadth of Citi's wholesale banking operations; and Citi hasn't just built and maintained a global network, it has built one that works and is increasingly valued by its clients, who view Citi as a true partner to their own global businesses. Competitors are now catching on that Citi has something they don't. Clients realized this a lot earlier."
Citi was also recognized across a number of regional categories including:
Jamie Forese, President of Citi and Head of Citi's Institutional Clients Group, commented: "Citi has had a tremendous 12 months, delivering on our commitments by leveraging the synergies of our ICG platform. We continue to see evidence in our results that our major advantage when serving large, sophisticated clients is our global network—one that cannot be replicated by our competition. Being recognized by Euromoney is a testament to our capabilities."
On being named World's Best Bank for Corporate Responsibility, Ed Skyler, Citi's Executive Vice President for Global Public Affairs and Chair of the Citi Foundation, said: "The societal issues impacting our communities today require a different level of engagement from companies. It's no longer about being a good corporate citizen. We must use our business, our philanthropy and our voice to stand for issues that matter most."
The Euromoney Awards for Excellence are recognized as the most prestigious in the financial services industry.
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.
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