Citigroup Named Best Global Cash Management Bank for Third Year by Treasury Management International
23 October 2003, New York - Citigroup was named Best Global Cash Management Bank, Best Bank in e-Commerce and Best Cash Management in North America by the readers of Treasury Management International magazine for the third consecutive year in their annual poll for innovation and excellence in treasury.
Voted by readers of the magazine, TMI's awards recognize banks that are commited to adapting their services to the challenges and changing face of international treasury, particularly within the Eurozone and the magazine is written by treasurers for treasury professionals and CFOs of multinational companies with readership in over 60 countries. "We have seen Citigroup develop the latest in technology to address client's needs for greater automation, straight-through processing and outsourced services. Citigroup continues to dominate the global cash management and e-commerce markets," said Robin Page, CEO of Treasury Management International.
"We are very pleased to have won this award for the third straight year - this is a fabulous accomplishment. I want to thank our clients who recognize the dedication and focus that all of our employees direct toward servicing their needs in the treasury arena," said Chris Foskett, Head of Sales and Marketing for 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 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.
