Citi voted top FX provider by Asia corporates

Retains pole position in Asiamoney survey.

Citi announced that it 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. Specifically in Singapore, it was voted as Best for FX Products and Services.