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Citi Ranked Top Transition Manager in Leading Industry Survey

^{Published on 2011-05-12 04:15:51 - Market Wire}
 

LONDON--([ BUSINESS WIRE ])--Citigroup (NYSE: C) has been ranked top in the recent Global Investor Magazine Transition Management survey. The bank has been voted No. 1 in the Americas (unweighted) and Asia/Pacific (weighted) and No. 2 overall (weighted) in the 2011 survey.

"The comprehensive fiduciary coverage Citi offers extends from project management to trading and settling."

The Global Investor Transition Management Survey ranks transition managers based on client responses by asset levels and across individual service categories. Citi's success was based on its ability to provide clients with exceptional services across asset classes, regions and markets. The survey reflects the continued success of the established Asian platform which has been voted No. 1 for five of the last six years, as well as the steady growth of the Citi transition management business and the continued dedication of resources to the platform.

aWe are very proud of these client voted results in the benchmark industry survey,asaid Michael Jackett-Simpson, Managing Director and Head of the Asia/Pac Transition Management team. Citi has been ranked in the top 4 in the Global Investor Survey since 2006. This consistency demonstrates that clients value Citia™s dedication to offering valuable services to pension plans. aWe hear repeatedly from fund owners that they want transparency around all executions - including crossing,a said William Cobbett, Director and co-head of the Americas Transition Management team. aThe comprehensive fiduciary coverage Citi offers extends from project management to trading and settling.a With local trading desks in 81 countries and Direct Custody and Clearing in 59 countries most transition orders never leave Citi. aThis allows us to provide access to more emerging markets to our clients at a lower price than anyone else, and without any information leakage or operational risk.a He added.

As theTransition Managementbusiness continues to grow and the serving of pension funds continues to be a priority, Citi will continue to make further investment in its Transition Management business. The dedicated US team has recently expanded from internal channels: James Ngai joins as a project managerfrom FX structuring team; Eric Shattenkirk joins from the Global Program trading group as a transition specialist focusing on ETF use and strategy development; and Phil Carley from the middle office as the dedicated operations and account oversight specialist for transitions. Carley and Shattenkirk will continue to report to Greg Sutton, Head of Program Trading, and James Ngai reports to Cobbett.

About Citi
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, 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 ].