Citi Named Clearing Bank of the Year by Global Capital Derivatives

New York - 23 April 2014

Bank also Wins Collateral Services Provider of the Year from Custody Risk Magazine 

Citi has been named Clearing Bank of the Year by Global Capital Derivatives, formerly Derivatives Week at its inaugural Americas Derivatives Awards gala in New York, which recognized the top companies in the financial derivatives industry in the Americas. In addition, Citi won Collateral Services Provider of the Year from Custody Risk Magazine’s annual Americas Awards.

“These accolades highlight our continued investment and dedication to providing end-to-end solutions to our customers,” said Jerome Kemp, Global Head of Futures, Clearing and Collateral. “Now that we have consolidated our offering under Citi Investor Services, we believe there is tremendous potential to leverage our global platform to deliver value to our clients.”

“Investors face many challenges as mandatory clearing, new capital standards and non-cleared margin rules are implemented throughout the globe,” said Christopher Perkins, Global Head of OTC Clearing. “Our goal is to deliver capital and operational efficiencies to our clients through our futures, clearing and collateral platform.”

These achievements build upon previous recognition Citi has received. In 2013, Citi was named Clearing Bank of the Year by FOW magazine, Client Clearing Provider of the Year by Asia Risk and European Collateral Services Provider of the Year by Custody Risk.

Citi, the leading global financial services company, 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.     

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