| Headline: Citigroup Source: Euromoney Date: July 2001 Author: Jennifer Morris The world’s best foreign exchange bank
During its brief period of relegation – Deutsche Bank won last year – Citi has implemented a number of initiatives designed to ensure its crown doesn’t slip again. In particular, managers have been extremely active in trying to maximize the deal flow to CitiFX from the different areas of Salomon Smith Barney, as well as the consumer bank arm of Citigroup. A joint venture with the investment bank has been put into place to make sure that foreign exchange transactions, such as those that are part of an M&A deal, find their way to CitiFX. AutoFX – an automated dealing platform – is another joint venture that has been established in conjunction with the bank’s custody department. | |||||||||||||||||||||||||||||||||||||||||