New York, NY – Citi has been named the Best Global Bank for Cash Management in 2023 by Global Finance Magazine. The publication also named Citi the Best Global Provider of Short-Term Investments/Money Market Funds. In addition, Citi earned recognition with multiple regional awards across Liquidity Management and Payments & Collections.
“In a world where global inflation has returned and supply chain issues continue to remain, smart management of cash and treasury systems is more important than ever,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “Our awards honor the organizations that best serve their clients in these unpredictable times.”
“Citi remains committed to delivering excellence in the services and solutions we provide for clients,” said Shahmir Khaliq, Citi’s Global Head of Treasury and Trade Solutions. “And we are continuing to invest in our platforms and capabilities to enhance the client experience and expand the integrated solutions we offer. This Global Finance award is a recognition of our dedication to innovation and focus on our clients.”
“In today’s uncertain economic environment, liquidity management is more important than ever, particularly for organizations doing business globally,” added Stephen Randall, Global Head of Liquidity Management Services, Citi Treasury and Trade Solutions. “Being recognized as Best Bank for Cash Management and Best Provider of Short-Term Investments/Money Market Funds by Global Finance is further validation of our global liquidity management networks and our steadfast commitment to helping clients better manage capital and liquidity risks, on the path to meeting critical objectives around growth, resiliency and efficiency. Our continued commitment to innovation across a wide range of Short-Term Investment solutions allows our clients to better integrate and simplify investment management, enhance workflows and automate data flows, whilst providing greater choice when optimizing liquidity, managing exposures and counterparty risks.”
Citi received top honors across global, regional and country categories including:
Global Awards:
Best Bank for Cash Management
Best Provider of Short-Term Investments/Money Market Funds
Asia Pacific Awards:
Best Bank for Payments & Collections
Best Overall Bank for Cash Management: South Korea
Latin America Awards:
Best Bank for Liquidity Management
Best Overall Bank for Cash Management: Argentina
Best Overall Bank for Cash Management: Colombia
Best Overall Bank for Cash Management: Puerto Rico
North America Awards:
Best Bank for Cash Management
Best Bank for Liquidity Management
Best Provider of Short-Term Investments/Money Market Funds
Best Overall Bank for Cash Management: United States
