LONDON--(BUSINESS WIRE)--Citi was named top-rated custodian globally as well as in the Americas in the average weighted category of the annual Global Custody Survey published by Global Investor/ISF magazine.
The survey’s results are based on feedback provided by asset managers and banks who were asked to rate their custody providers across 18 categories. Citi achieved the highest average overall score by the weighted methodology which attaches weight to the views of respondents based on their assets under management. Survey participants praised Citi for its “exceptional client service and knowledge” as well as for the depth and breadth of its “branch network” which provides a “great deal of comfort and operational easing” according to a mutual fund manager quoted in the survey.
“We are honored to receive this prestigious industry recognition– a strong testament to the strength and breadth of our global custody platform,” Sanjiv Sawhney, Head of Global Custody and Alternative Investor Services, said. “Citi has made major strides to further improve its global custody offering over the past few months. This progress has been rewarded by major client wins and we look forward to delivering customer service excellence while bringing more innovative solutions to the market.”
With over $16 trillion of assets under custody and the industry-leading proprietary network spanning 62 markets, Citi’s custody business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients’ needs.
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 http://www.citigroup.com | Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog: http://blog.citigroup.com/| Facebook: http://www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.