Citi Named Best Global Bank for Liquidity Management by Global Finance

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:

Global Awards:

• Best Global Bank for Liquidity Management
• Best Global Cash Pooling Solution

Regional and Country Awards:

• Best Bank for Liquidity Management – Latin America
• Best Bank for Payments & Collections – Latin America
• Best Bank for Liquidity Management – North America
• Best Bank for Cash Management – Argentina, Bahamas, Ireland, Puerto Rico, United States

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.