For Immediate Release Citigroup Inc. (NYSE: C)

Citi named best for Corporate Trust in key industry awards

October 03, 2022

Hong Kong and Singapore – Citi was recently awarded Best in Corporate Trust at the annual Asset Asian Awards, decided by the editors of one of the region's leading financial publishing houses, The Asset.

Citi also picked up Best Global Custodian for International Clients, Best in Custody for Insurance companies, Best in Corporate Trust and Best DR Mandate in South Korea, Best Sub Custodian in Taiwan and highly commended for Best Sub Custodian in Hong Kong.

"These key wins are testament to Citi's client focus and welcome independent recognition for the team across the region. We would also like to thank and congratulate our clients on their many wins and for their continued trust in Citi, day in, day out, across the more than 160 markets where we support institutional clients every day," said Adrian Nye, Asia Pacific Head of Issuer Services at Citi.

Issuer Services is a part of Citi's Securities Services business that supports the issuance and administrative needs of global institutional clients through two key business segments, namely Agency and Trust and Depositary Receipt Services.

Citi is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.Citi was recently appointed as the Depositary Bank for Joincare's GDR Programs listed on the SIX Swiss Exchange -- the sixth issuer listed as part of the China-Swiss Stock Connect GDR Program.

This continues Citi's role as the depositary bank for all the Connect GDR programs listed so far, including five listed on the London Stock Exchange and four listed on the SIX Swiss Exchange. With $24 trillion in assets under custody and administration and a global custody network spanning more than a hundred markets worldwide, Citi is one of the largest custodian banks in the world.

In the write ups accompanying the award wins, the editorials said:

"Citi remains the leading corporate trustee in Asia, ranking number one in debt capital markets, high yield and medium term notes in the region. Citi is also a well rounded corporate trustee in terms of types of deals, market coverage and market insights. The bank was also been recognized as the Best Bond adviser, reaffirming its overall leadership in the debt capital markets."

"Citi leads other corporate trust banks in South Korea during the awards period, ranking first in the asset backed securitization and covered bond markets. It has also increased its market share in South Korea's debt capital market."

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

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Media Contact:
James Griffiths 852-2868-7668

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