Citi Selected as Best Global Bank for Cash Management by Global Finance Magazine for 2023

Rhea-AI Summary

Citi has been recognized as the Best Global Bank for Cash Management in 2023 by Global Finance Magazine, alongside accolades for being the Best Global Provider of Short-Term Investments/Money Market Funds. The bank received multiple regional awards across liquidity management and payments. In an era of inflation and supply chain challenges, Citi emphasizes the importance of effective cash management for its clients. The awards validate Citi's global liquidity management and commitment to innovation in treasury solutions, aimed at helping clients manage capital risks effectively.

Positive

• Recognized as Best Global Bank for Cash Management by Global Finance in 2023.
• Named Best Global Provider of Short-Term Investments/Money Market Funds.
• Received multiple regional awards in Liquidity Management and Payments.
• Continued investment in platforms to enhance client services and experiences.

Negative

• None.

Citi also Named Best Global Provider of Short-Term Investments/Money Market Funds, as well as Earning Regional Recognition

NEW YORK--(BUSINESS WIRE)-- Citi has been named the Best Global Bank for Cash Management in 2023 by Global Finance Magazine. The publication also named Citi the Best Global Provider of Short-Term Investments/Money Market Funds. In addition, Citi earned recognition with multiple regional awards across Liquidity Management and Payments & Collections.

“In a world where global inflation has returned and supply chain issues continue to remain, smart management of cash and treasury systems is more important than ever,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “Our awards honor the organizations that best serve their clients in these unpredictable times.”

“Citi remains committed to delivering excellence in the services and solutions we provide for clients,” said Shahmir Khaliq, Citi’s Global Head of Treasury and Trade Solutions. “And we are continuing to invest in our platforms and capabilities to enhance the client experience and expand the integrated solutions we offer. This Global Finance award is a recognition of our dedication to innovation and focus on our clients.”

“In today’s uncertain economic environment, liquidity management is more important than ever, particularly for organizations doing business globally,” added Stephen Randall, Global Head of Liquidity Management Services, Citi Treasury and Trade Solutions. “Being recognized as Best Bank for Cash Management and Best Provider of Short-Term Investments/Money Market Funds by Global Finance is further validation of our global liquidity management networks and our steadfast commitment to helping clients better manage capital and liquidity risks, on the path to meeting critical objectives around growth, resiliency and efficiency. Our continued commitment to innovation across a wide range of Short-Term Investment solutions allows our clients to better integrate and simplify investment management, enhance workflows and automate data flows, whilst providing greater choice when optimizing liquidity, managing exposures and counterparty risks.”

Citi received top honors across global, regional and country categories including:

Global Awards:

Best Bank for Cash Management
Best Provider of Short-Term Investments/Money Market Funds

Asia Pacific Awards:

Best Bank for Payments & Collections 
Best Overall Bank for Cash Management: South Korea

Latin America Awards:

Best Bank for Liquidity Management 
Best Overall Bank for Cash Management: Argentina 
Best Overall Bank for Cash Management: Colombia 
Best Overall Bank for Cash Management: Puerto Rico

North America Awards:

Best Bank for Cash Management 
Best Bank for Liquidity Management 
Best Provider of Short-Term Investments/Money Market Funds 
Best Overall Bank for Cash Management: United States

Citi Treasury and Trade Solutions (TTS) helps enable our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering a comprehensive range of digitally enabled treasury, trade and liquidity management solutions.

About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | Twitter: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

View source version on businesswire.com: https://www.businesswire.com/news/home/20230404005357/en/

Media:

Nina Das

Citi Institutional Clients Group

+1 (212) 816-9267

Nina.Das@citi.com

Source: Citigroup Inc.

FAQ

What awards did Citi win in 2023?

Citi was awarded Best Global Bank for Cash Management and Best Global Provider of Short-Term Investments/Money Market Funds by Global Finance Magazine in 2023.

Why is cash management important for Citi?

Effective cash management is crucial in today's environment of inflation and supply chain challenges, helping clients manage their capital and liquidity risks.

How does Citi support its clients in liquidity management?

Citi provides innovative and tailored cash management solutions through its Treasury and Trade Solutions division, enhancing client experience and capital management.

What regions recognized Citi for its financial services?

Citi received regional awards in Asia Pacific, Latin America, and North America for its services in cash management and liquidity.

Which country was highlighted for Citi's cash management excellence?

Citi was recognized as the Best Overall Bank for Cash Management in the United States, South Korea, Argentina, Colombia, and Puerto Rico.