New York – Citi was awarded Best Sub-custodian Bank in Latin America by Global Finance Magazine in the 2020 Best Sub-custodian Awards. This marks the 17th consecutive year Citi has been recognized by the magazine in this category. In addition, Citi also won Best Sub-custodian Bank in Argentina, Colombia, Peru, Mexico and Chile (Banco de Chile*).
Global Finance's editorial board considered market research, input from expert sources and entry information from banks to select the institutions that reliably provide the best services in local markets and regions. The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices. Global Finance also obtained input from users of sub-custody services. Performance was judged over the period covering January 1, 2019 through December 31, 2019.
"It is an honor for Citi to be recognized once again with the overall LATAM sub-custody award as well as several individual country awards," said Ricardo Hesse, Head of Equities and Securities Services for Latin America. "Given the breadth of Citi's proprietary network, the largest in the industry, we continue our commitment to providing clients consistent, accurate, reliable and prompt market information, setting us apart from the competition."
With over $21.3 trillion of assets under custody and administration and the industry-leading proprietary network spanning over 60 markets, Citi's custody business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients' needs.
In the Americas, in addition to its domestic custody in the U.S., Citi is the leading custody provider with a dominant local presence in Argentina, Brazil, Colombia, Mexico, Peru and Panama. Citi has built deep expertise in each country where it is trusted with the safekeeping and servicing its clients' assets.
List of awards
The following list of awards were won by Citi and referenced in this press release:
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: https://www.citibank.com/mss/dcc/
* Banco de Chile operates as a Sub-custodian of Citi in Chile.
Citi Latin America
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