Citigroup Corporate and Investment Banking in Romania today announced that its Global Transaction Services business has been ‘Top Rated’ in the Global Custodian Agent Banks in Emerging Markets Survey 2006, said the bank in a statement.
Citigroup was also ‘Top Rated’ in Central and Eastern Europe and Globally as well as in the Americas & Caribbean and Asia regions. The 21 markets in which Citigroup is now ‘Top Rated’ are: Romania, Australia, Austria, China, France, Greece, Hong Kong, Hungary, India, Ireland, Indonesia, Japan, Malaysia, New Zealand, Philippines, Russia, Singapore, Sri Lanka, Taiwan, Thailand, and United Kingdom.
Cristela Georgescu, Citigroup Director and Head of GTS operations in Romania, said, “The Global Custodian ratings are based on the honest feedback and opinions of our customers, making these results especially important as they demonstrate we are living up to our shared responsibility to our clients. Winning for both Central and Eastern Europe and in Romania exemplifies that Citigroup is putting its clients first everywhere that it does business.”
Global Custodian Agent Banks in Emerging Markets Survey, now in its 18th year and regarded as a bench mark for the industry, is based on analysis of responses from the cross-border, non-affiliated (CBNA) domestic and affiliated clearing and custody clients of agent banks in 68 markets. Respondents rated their providers on 60 separate questions, divided into 10 service categories.
Global Custodian, founded in 1989 with a circulation of 20,000 investment professionals around the world, provides analysis and commentary on news and events in the international securities industry.
