From the Wires
Citi Launches Network 3.0 to Expand and Enhance Suite of Investor Services
By: Business Wire
Jan. 29, 2013 09:16 AM
Citi has launched Network 3.0 with a suite of new investor service solutions that leverage its global network in over 95 countries and on-the-ground local market expertise.
More than ever, the ability for investors to meet performance objectives relies on maximizing the efficiency of investment operations, accessing critical decision-making information, and implementing strategies effectively in markets that offer the most opportunity.
Core to Network 3.0 is the Integrated Custody program that will enhance technical platforms and reengineer operational processes to deliver top-tier levels of service including: industry best deadlines, 24 hour instruction processing and improved risk management.
“Citi has a long history in shaping and accelerating change in securities markets around the world," said Neeraj Sahai, Head of Securities and Fund Services, Citi. “Network 3.0 is a global transformation initiative aimed to redefine the way global investment support services are delivered in order to achieve best in class service and meet the challenges of an ever evolving securities landscape.”
“Network 3.0 leverages Citi’s global network by providing a connected gateway offering increased efficiency and information that enables local access on a global basis,” said Chandresh Iyer, Managing Director, Investor Services, Citi.
Network 3.0 has already delivered a series of key product and service roll-outs and additional solutions will be delivered throughout 2013. Key new capabilities include:
For more information about Network 3.0, please visit transactionservices.citi.com/Network3Dot0
Citi OpenInvestor is the investment services solution for today’s diversified investor that combines specialized expertise, comprehensive capabilities and the power of Citi’s global network to help clients meet performance objectives across asset classes, strategies and geographies. Citi OpenInvestor provides institutional, alternative and wealth managers with middle-office, fund services, custody, and investing and financing solutions that are focused on their specific challenges and customized to their individual needs. For more information, visit openinvestor.transactionservices.citi.com.
Citi Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 95 countries, Citi’s Transaction Services supports over 65,000 clients. As of the fourth quarter of 2012, it held on average $428 billion in liability balances and over $13.2 trillion in assets under custody.
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 www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
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