Citi has been re-appointed by Equiniti Group plc to manage its key international payments services offerings, building on what is already a long-standing relationship with the company.
This global mandate will see Citi manage multiple product offerings under one roof, providing overseas payments of pensions in conjunction with Paymaster (1836), shareholder payments through Equiniti Financial Services Ltd as well as supporting the international payments business for Equiniti International Payments.
Citi’s Treasury and Trade Solutions (TTS) and Foreign Exchange Local Markets Group (FXLM) will work closely together to ensure Equiniti can benefit from its world class solutions through Citi’s market leading FX expertise and TTS global network capabilities, supporting payments in 130+ currencies and real time FX access in over 400 currency pairs, 24 hours a day.
Rajesh Mehta Head, Citi Treasury and Trade Solutions EMEA: We have built a strong relationship with Equiniti over the years. We know the business, we know the people and we have a good understanding of how to support their growth. We are delighted to have been awarded this mandate and look forward to our continued engagement.
Guy Wakeley chief executive of Equiniti commented: Through Citi’s unrivalled payment reach, as well as its global footprint, we have been able to enhance and extend the range and flexibility of services that we offer to our clients. We look forward to growing our relationship in the areas of payment and smart technology solutions.
The new agreement will also see Citi adopting Equiniti as a technology vendor in EMEA leveraging Equiniti’ s suite of smart technology solutions to support specific client segments.