Clients Name Citi Best FX Provider in Russia and CIS
OREANDA-NEWS. June 15, 2012. Citi in Russia, Ukraine and Kazakhstan has been ranked #1 in terms of market share in Foreign Exchange products according to the Euromoney 2012 Survey. This result reflects clients’ recognition of Citi’s leadership, expertise, innovative solutions and superior client service in the region, reported the press-centre of Citibank.
Citi proved itself to be the best FX house in Russia and CIS, with overall market share rising from 24.38% last year to 33.32%. The surveyed Non-financial corporations gave Citi first place with 26.9% percent market share in Russia. This was the second consecutive year that Citi has been named Best FX Provider in Russia. Euromoney’s annual polI is the leading survey of FX providers and services and is considered to be the benchmark for the FX sector.
Denis Korshilov, Head of Fixed Income, Currencies and Commodities at Citi Russia said: "Citi offers services to satisfy client requirements through innovation, cutting-edge technology and professionalism of the treasury team. It is very rewarding to see that our efforts are appreciated by our clients. Citi keeps its leading position in Russia".
Citi continuously invests in the development of state-of-the-art technology with the aim of achieving the highest level of efficiency and transparency for clients’ FX and money market transactions. Citi offers the unique CitiFX Pulse platform in the Russian market. It is a “one-stop shop” for all of the FX and investment needs offering Citi clients online access to real-time local pricing and global liquidity. Citi has recently launched CitDirect BE Mobile in Russia and CIS, a new mobile banking service that provides clients with the opportunity to carry out a number of operations on their corporate accounts as well as to view and authorize payment orders from any mobile device.