Citigroup Turkey Receives Highest Rank from GSCS Benchmarks Magazine in 2004 Review of Subcustodian Services
November 23, 2004 — Citigroup Global Transaction Services received the highest rating for the Turkish market and is quoted as the market leader by GSCS Benchmarks magazine’s 2004 Review of Subcustodian Services. The annual review analyses the performance of subcustody providers in the major emerging markets who have surpassed service expectations in settlement, safekeeping, client service & reporting and overall performance.
In addition, Citigroup Turkey recently received the Best Quality Settlement Bank award in Turkey for equities and bonds by Global Investor Magazine.
Steve Bideshi, Citigroup Country Officer and General Manager of Citigroup in Turkey said: “These awards are testaments of our commitment to deliver a high level of customer satisfaction. We are very proud to receive these awards and look forward to continuing to provide the best quality customer service in the local securities market.”
About Citigroup
Citigroup (NYSE: C), the preeminent global financial services company
has some 200 million customer accounts and does business in more
than 100 countries, providing 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 finance, securities and fund services and
commercial card solutions to corporations, financial institutions
and governments around the world. With over US$ 115 billion in average
liability balances, more than US$ 6.7 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 100 local markets. For additional information,
see www.transactionservices.citigroup.com
