TORONTO, June 2, 2011 /CNW/ - As the company continues to grow its suite
of products and services for corporations, financial institutions and
the public sector, Citi's Canadian Global Transaction Services (GTS)
business is pleased to announce the appointment of Stephanie Zee as
Head of Cash Management.
In this role, Ms. Zee will be responsible for the continued expansion of
Citi's global cash management business in Canada. More effective
management of cash has been shown to assist large organizations in
streamlining their business processes, realizing greater operational
efficiencies, reducing financing costs, achieving greater returns on
assets and managing working capital more effectively.
Ms. Zee joins Citi after holding roles at Intact Financial Corporation
"Over the past year we've made many changes and investments in our
people and infrastructure to position our business for success," said
John Landry, Managing Director and Head of Citi's Canadian GTS
organization. "Our domestic and international cash management product
capabilities have developed successfully over the past 25 years. We see
substantial opportunity in the extension of our cash management
offerings through new features, adaptation to new sectors, innovative
packaging, enhanced coordination and new product line launches."
In January, Citi was recognized for the ninth consecutive year as the
best global Treasury and Cash Management provider by Global Finance
Global Transaction Services, a division of Citi's Institutional Clients
Group, offers integrated cash management, trade, and securities and
fund services to multinational corporations, financial institutions and
public sector organizations around the world. With a network that spans
more than 100 countries, Citigroup's Global Transaction Services
business supports over 65,000 clients. As of the first quarter of 2011,
it held on average $355 billion in liability balances and over $13
trillion in assets under custody.
Citi, a leading global financial services company, 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.
For further information:
Troy Underhill (416) 947-5687 firstname.lastname@example.org