Citi Sweeps FinanceAsia's Cash Management Awards

FinanceAsia has awarded Citi best cash management bank and best cash solutions bank in Asia for 2007. For the second consecutive year, Citi has won both the major cash management awards from the magazine in the same year. This also marked the fourth year in a row and the tenth year out of eleven that Citi has been awarded the best cash management bank title in Asia by FinanceAsia.

Citi's clean sweep of FinanceAsia's 2007 cash management awards follows a record year for the business in Asia. In 2007 Citi posted a surge in client acquisition and substantial growth in revenues and net income across its Asia cash management franchise. Citi has also seen growth fuelled by an aggressive sales strategy and the introduction of numerous complex cash products and enhancements.