NEW YORK, Nov. 17/11 (BUSINESS WIRE) – Citi today announced it has been named World’s Best Internet Bank for 2011 by Global Finance magazine. Citi was the recipient of over 90 global, regional and country awards.

“Citi is thrilled to have earned this prestigious recognition by Global Finance,” said Naveed Sultan, Global Head of Treasury and Trade Solutions, Citi Global Transaction Services. “We believe this is a true validation of our industry-leadership position in Internet banking and demonstrates our strength as a global organization. Winning these awards is also a reflection of our steadfast commitment to providing our clients with the best technology platforms enabling them to succeed in today’s challenging business environment.”

Global Awards: Best Overall Internet Bank Best Corporate/Institutional Internet Bank Best Investment Management Services Best Online Cash Management Site Best Web Site Design Best in Mobile Banking Best in Social Media for Corporate/Institutional Banking Global 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 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2011, it held on average $365 billion in liability balances and $12.5 trillion in assets under custody.

About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 163 countries. Its circulation is audited by BPA. Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management. Its website offers analysis and articles that are the heritage of 22 years of experience in international financial markets, and provides a valuable source of data on 192 countries. Headquartered in New York, with offices in London, Rio de Janeiro and Milan.

About Citi
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.

This is an excerpt from MarketWatch as it appeared on November 18, 2011. For updates or to read the current version of this post in its entirety, please click here.

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