Citibank Named Best International and Second Best U.S. Domestic Cash Management Bank By Treasury & Risk Management Magazine
Rated Second as Best in US Domestic Cash Management Services
23 September 2003, New York - Citibank is the Best International Cash Management Bank for the third year in a row according to a ranking from Treasury & Risk Management magazine in their September 2003 issue. In addition, Citibank vaulted to second place ranking as Best Domestic Cash Management Bank in the United States.
In their third annual cash management survey, readers of Treasury & Risk Management gave their opinion on which banks were best in international and domestic cash management services. Over 550 CFOs and Treasurers responded to the survey. The responses were grouped according to companies with more than US$ 500 million of revenue and companies with less than US$ 500 million of revenue. Citibank received the same ranking in both categories.
"We're pleased that our clients recognize Citibank as the best in international cash management and are especially pleased to improve our ranking in the U.S. domestic market. This past year we realigned our structure internally to allow a clear focus on serving the needs of clients in the U.S. and internationally, who turn to us for critical counsel and guidance. We view the U.S. as an important growth market and it appears that our realignment is demonstrating value to our clients in the U.S.," said Paul Galant, Global Head of Cash Management, Citigroup Global Transaction Services.
About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company
with some 200 million customer accounts in more than 100 countries,
provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, insurance, securities
brokerage, and asset management. Major brand names under Citigroup's
trademark red umbrella include Citibank, CitiFinancial, Primerica,
Smith Barney, Banamex, and Travelers Life and Annuity. Additional
information may be found at: www.citigroup.com.
About Citigroup Global Transaction Services
Citigroup® Global Transaction Services is a leading provider of
integrated cash management, trade and securities services for corporations,
financial institutions, intermediaries and governments around the
world. With over $ 92 billion in average liability balances, more
than $ 5.6 trillion in assets under custody and the largest proprietary
branch network, Citigroup's award-winning operating systems and
Internet-based delivery channels enable clients to manage and monitor
working capital and investments more efficiently, streamline transaction
processing cycles, and re-engineer receivables and payment processes.
Citigroup® Global Transaction Services provides clients with access
to Citigroup's full range of capabilities and solutions along with
an on-the-ground presence and in-depth knowledge of more than 90
local markets. For additional information, see www.transactionservices.citigroup.com.
Citigroup Global Transaction Services is part of Citigroup's global
corporate and investment bank, which provides complete financial
solutions to corporations, governments and institutional investors
in more than 100 countries. Award-winning businesses include corporate
and investment banking, sales and trading, transaction services,
commercial finance and insurance products. Additional information
can be found at: www.citigroupgcib.com
