OREANDA-NEWS. November 14, 2013. Citi has been voted the best foreign exchange (FX) service provider by corporates in Asia in a recent industry poll by Asiamoney magazine, retaining its top spot from last year. The poll surveyed 3,504 senior treasury, financial and management officials based in Asia, representing 3,044 different institutions.

In announcing the results, the magazine noted Citi's focus on key regional corporate clients, including emerging market champions in Asia, its global network and the importance of investing in FX technology and e-commerce.

"We are pleased to once again retain our ranking as the top FX provider to corporates in the region," said Nadir Mahmud, Head of Markets for Citi in Asia Pacific. "We have made it a point in the last year to focus our efforts on serving key clients by increasing the traction and intensity of our relationship with them and this strategy has paid off."

Apart from the regional win, Citi has also been voted top among foreign FX providers in the following categories:

Best for Overall FX Services: China, India, Indonesia, South Korea, Malaysia, Philippines, Taiwan, Thailand and Vietnam

Best for FX Options: China, India, Indonesia, South Korea, Taiwan and Vietnam

Best for FX Products and Services: China, India, Indonesia, South Korea, Philippines, Singapore, Taiwan and Thailand

Best for FX Research & Market Coverage: China, India, Indonesia, Philippines, Taiwan and Thailand

Shenghua Hu, Head of Markets for Citi China, said, "This is an important validation of our ongoing efforts to provide the best-in-class service to our clients. We believe the new round of economic and financial reforms will usher in unprecedented opportunities for the development of China FX market. With Citi's global network and capabilities, coupled by our local knowledge and experience, we are fully confident to contribute to the ongoing prosperity of China's financial sector, as well as the success of our clients."