NEW YORK, November 19 /CNW/ - Citi today announced that it has been
recognized as the number one global custodian in Institutional Investor's
annual Global Custodian Ranking for 2007. This achievement marks the seventh
consecutive year that Citi has topped the publication's league tables for
global custody assets.
"The world's custodians are being called upon to provide more complex
services to their clients than ever before," reports Institutional Investor.
In this marketplace, custodians are required to "adapt to the increasingly
international nature of institutional portfolios - underscoring the global in
global custody. "
"We are very pleased that Institutional Investor has once again
recognized us as the leading global custodian," says Mary Fenoglio, Head of
Global Custody, Securities and Fund Services, Citi. "This acknowledgment by
such a prestigious publication confirms that our global custody network -
which spans 86 markets, of which 49 are proprietary -- gives us in-depth local
market knowledge and expertise, while our regional service centers and
advanced processing technologies allow us to deliver excellence in quality and
execution, as well as tailored services to our clients. This award-winning
combination is why financial institutions and corporates around the world turn
Citi's Fenoglio adds: "Service providers need to offer a continuum of
services that allow clients to select the appropriate bundle of investor
services that meet their specific business requirement. Rather than
concentrating on scale alone, we at Citi are focused on broadening our
portfolio of products with complementary offerings to anticipate and meet
clients' evolving needs."
Institutional Investor's Global Custodian Ranking is based on information
provided via questionnaires by the world's banks about their global custody
assets, which is supplemented by extensive staff research. Global Custody
assets include any assets invested in financial instruments outside the home
country of the client, and exclude assets in a client's domestic market.
Citi, the leading 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, securities brokerage, and wealth management.
Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney
and Banamex. Additional information may be found at www.citigroup.com or
For further information:
For further information: Citi Nina Das, 212-816-9267 firstname.lastname@example.org