The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for Excellence 2011: Best Global transaction services house

Scale enables the bank to dominate the high-end market in cash management and trade finance.

Awards for Excellence 2011

Best Global transaction services house: Citi

Also nominated: HSBC

Being big can sometimes mean losing focus on your clients. This is not the case, though, for Citi’s Global Transaction Services business, and specifically its Treasury and Trade Services (TTS) arm. TTS comprises Citi’s cash management and trade finance businesses and in many ways it is the engine room of everything that Citi looks to do around the world. The sheer scale of the business shows how important it is and how good Citi is at doing it. It has 22,000 employees based in 96 countries and does business with a further 43. Every month the business generates $300 million of net earnings. It runs margins 20% to 30% higher than its competitors’.

The business generates about $7.2 billion a year, of which about $1.2 billion comes from trade finance and $6 billion from cash management.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.

By continuing to use & browse the site you agree to our Privacy Policy.
I agree