Bangkok--1 Feb--Asian Banker
Global Transaction Services, a business of Citigroup Corporate and Investment Banking, today announced the launch of its Citibank Online Investments in Asia.
The new Web-based investment service will make it easier for companies to manage their liquidity by simplifying the investment and monitoring of cash balances. Citibank Online Investments is a global investment service accessible with single sign-on to CitiDirect Online Banking and TreasuryVision. Institutional clients will be able to manage their cash and investments within one application and automatically settle all trades against their operating bank account, unlike most other platforms currently in the market.
Nigel Dobson, Head of Cash Management for Citigroup Global Transaction Services in Asia, said, " Citigroup continues to break new ground in liquidity management and investments. With this new service, we have provided institutional investors with many benefits, making investing cash an integral part of their overall cash and liquidity management process. Companies are looking to manage their cash in a comprehensive way, and our service integrates the investment process into the client account structure, cash flows and cash management systems for comprehensive, one-stop cash management.”
The online channel provides institutional clients the convenience of viewing live rates, booking investments and reporting for a range of products from Citibank branches in Australia, New Zealand, Singapore, Hong Kong, China, Vietnam, Sri Lanka , New York and London.
Dobson added, “Citibank Online Investments shows Citigroup’s commitment to provide End-to-End Treasury integration of worldwide operational cash management with liquidity management, real-time information and execution tools to help our clients enhance their cash and funding efficiency”.
--www.theasianbanker.com (February 1 2007)--