Citigroup today announced that its Citi Depositary Receipt (DR) Services business has selected a new service provider to offer its clients a complete Investor Relations (IR) workflow solution enabling clients to access shareholder intelligence, target new investors and enhance their IR communications initiatives.
To launch the new support program, Citi chose Ipreo, a leading provider of workflow solutions, market intelligence and data to both capital markets and corporate investor relations professionals. Ipreo was selected, following a rigorous evaluation process, for its excellent data quality, expertise in the capital markets, reputation for outstanding customer service, and global operations that allow for local support of Citi clients.
"As a leading DR bank, we are constantly evaluating our service offerings to ensure sure we offer the best of breed capabilities in the markets," said Alan Smith, Managing Director and Head of Issuer Services at Citi. “This new program is in line with our commitment to innovation and superior client service.”
The foundation of Citi’s new program will be Ipreo’s BD Corporate application. Powered by the industry-leading Bigdough database of institutional investor contacts and profiles, BD Corporate provides IR professionals with a complete workflow solution comprised of global, multi-asset class holdings and contact data and advanced investor screening tools.
“Knowing your investor base and executing effective investor communications can be especially challenging for companies accessing the global capital markets,” said O’Hara Macken, head of Global Products & Applications at Ipreo. “We’re pleased to be able to provide Citi clients with both tools and support structures that cater to the needs of DR companies.”
In addition to the comprehensive institutional database, Ipreo further offers a large suite of other capital market intelligence services, all of which can be delivered seamlessly through the BD Corporate application.
"It is important to us that as our clients’ IR programs evolve, the IR solutions we provide evolve with them," added Mr. Smith. “We feel confident that this new arrangement will bring significant, lasting benefits to our clients."
About Citi Depositary Receipt Services
Citi Depositary Receipt Services is a leader in bringing quality issuers to global capital markets and in promoting Depositary Receipts as an effective capital markets tool. Citi began offering DRs in 1928 and today is widely recognized for providing companies with access to the powerful global platform Citi has to offer.
About Global Transaction Services
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 second quarter of 2011, it held on average $365 billion in liability balances and $13.5 trillion in assets under custody.
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. For further information on Citi Depositary Receipt Services, visit www.citi.com/dr.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Contacts:
Eileen Carey, 212-816-1401
Eileen.m.carey@citi.com
