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Citi recognized for best sub-custody services in India

Citi has consistently received their vote of confidence over a five-year period that was undoubtedly challenging for the market.

August 12, 2014 9:14 IST | India Infoline News Service
Citi announced it has been recognized for best sub-custody services in India by Global Custodian, a leading publication covering the international securities services business. The magazine presented awards to custodian banks who had achieved the highest ranking cumulative scores over the past five years in their annual customer surveys. The annual surveys are used by Buy- and Sell-side customers to assess custodian banks across many service areas.

Citi India is one of the largest custodians in the Indian market, offering end-to-end services across the market entry and investment process, managing approximately 30% of both the Foreign Portfolio Investor (FPI) and domestic Mutual Fund flows in the Indian Capital Market.

In commemoration of its 25th anniversary, Global Custodian recognized custodian banks in Asia for excellence and consistency at their Awards for Excellence in Asia dinner in Hong Kong. Citi was also awarded best sub-custody services in Australia, China, Indonesia, Korea, Pakistan and Taiwan. The recognitions follow the Global Custodian awards dinner in London, where Citi was named the best provider of Regional Sub-Custody in Asia for Major Markets, and China was awarded the best Single Market Sub-Custody in Asia for Emerging Markets.

These awards are indicative of the trust that customers place in Citi, recognizing consistent high quality service. Citi has consistently received their vote of confidence over a five-year period that was undoubtedly challenging for the market.

Citi's Direct Custody and Clearing provides asset servicing and transaction functions primarily to intermediaries such as broker-dealers, global custodians and banks, and increasingly to fund managers, insurance companies and other global investors through a proprietary network in over 60 markets. The scale of this network, provided through Citi’s own offices and staffed with Citi experts in each market, provides a valuable service for clients.

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