London – Citi has been awarded the Best Global Bank for Liquidity Management award by Global Finance magazine. The publication also named Citi's Cash Pooling solution as best in the world, as well as recognized Citi in a number of regional awards in Liquidity and Cash Management.
Joseph D. Giarraputo, publisher and editorial director of Global Finance commented: "Global Finance chose Citi as Best Global Bank for Liquidity Management due to its leadership in liquidity management digitization, automation and client experience. Citi's new cash concentration tool, CitiDirect BE ® Cash Concentration, for example, is precisely the type of time saving solution that puts greater liquidity control in the hands of treasurers. In addition, the innovative way in which Citi Cross-Currency Sweeps combines cash concentration sweep capabilities with an automated currency conversion, is greatly positioned to help treasurers reduce their FX risk exposure, across their global banking structure."
Mark Smith, Global Head of Liquidity Management Services, Citi, commented: "We are incredibly proud to be recognized by Global Finance in these categories. We continue to ensure we are creating innovative solutions to help solve our client's pain points, enabling them to grow in this ever-changing real time world. Liquidity management for our clients continues to be a critical function to ensure they have liquidity at the right time, in the right place, in the right currency, ensuring their working capital remains as efficient as possible. We continue to build on this exciting solution offering in partnership with our clients."
Citi received top honors across global and regional categories, full list as follows:
Regional and Country Awards:
Global Finance used a multi-tiered assessment process—which included entries from banks and providers and input from industry analysts, corporate executives, technology experts and independent research—to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.
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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Citi's Treasury and Trade Solutions
Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.
Citi: Belinda Marks, Tel: +44 (0)207-508-3082 Email: firstname.lastname@example.org