Citi Recognized as Best Global Bank for Liquidity Management by Global Finance
February 26 2021 - 11:56AM
Business Wire
Citi receives global and regional awards for
Liquidity and Cash Management
Citigroup Inc. (NYSE: C)
Citi has been named the Best Global Bank for Liquidity
Management by Global Finance, for the second year in a row. The
publication also named Citi as the Best Bank for Financial
Institutions, named Citi’s Cash Pooling solution as best in the
world, and granted a number of regional awards in Liquidity and
Cash Management.
Joseph D. Giarraputo, publisher and editorial director of Global
Finance said, “Citi’s continued commitment to innovation,
delivering global, simple digital solutions that allow clients to
work faster, smarter and more efficiently, helped them to stand out
this year. Further integrating their portfolio of services onto one
platform demonstrate Citi’s determination to help treasurers more
easily manage their liquidity. With the integration of their Global
Concentration Engine and Citibank® Online Investments onto the
CitiDirect BE® platform, this enables treasurers to easily manage
their investment activity along with their global cash management
operations.”
Stephen Randall, Global Head of Liquidity Management Services,
at Citi Treasury and Trade Solutions, added, “We are truly honoured
to have received the distinctions from these awards in the various
categories. This is testament to Citi’s passion for harnessing the
power of technology to develop innovative solutions that
continually evolve with our clients’ evolving needs and to support
their growth objectives. Now more than ever, liquidity management
continues to be a critical focus for our clients’ who are
constantly finding ways to better manage – and gain insights into –
capital and liquidity risks and opportunities. We are excited to
continue on this journey with our clients who are driving towards
greater growth, resiliency and efficiency.”
Citi received top honors across global and regional categories
including:
Global Awards:
- Best Global Bank for Liquidity Management
- Best Global Bank for Financial Institutions
- Best Global Cash Pooling Solution
Regional and Country Awards:
- Best Overall Bank for Cash Management – United States
- Best Bank for Liquidity Management – North America, Latin
America
- Best Provider of Short-Term Investments/Money Market Funds –
Latin America
- Outstanding Achievement in Treasury Operations During the Covid
Pandemic – Latin America
- Best Bank for Liquidity Management – North America
- Best Bank for Cash Management – Bahamas, Colombia, Costa Rica,
Mexico, Puerto Rico, United States
Global Finance used a multi-tiered assessment process—which
included entries from banks and providers and input from industry
analysts, corporate executives, technology experts and independent
research—to select the best providers of treasury and cash
management services. A variety of subjective and objective criteria
were considered, including: profitability, market share and reach,
customer service, competitive pricing, product innovation and the
extent to which treasury and cash management providers have
successfully differentiated themselves from their competitors
around core service provision.
Citi Treasury and Trade Solutions (TTS) helps enable our
clients' success by providing an integrated suite of innovative and
tailored cash management and trade finance services to
multinational corporations, financial institutions and public
sector organizations across the globe. Based on the foundation of
the industry's largest proprietary network with banking licenses in
over 90 countries and globally integrated technology platforms, TTS
continues to lead the way in offering a comprehensive range of
digitally enabled treasury, trade and liquidity management
solutions.
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About Citi
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| Facebook:
www.facebook.com/citi| LinkedIn: www.linkedin.com/company/citi
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Media Contact: Allister Fowler Email:
allister.fowler@citi.com
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