Citigroup Inc. (NYSE: C) recently was named as the �Best Investment Bank� and �Best Debt Bank� for the Latin American region by the Global Finance Magazine, as well as the �Best Investment Bank� in Argentina and Mexico. The company�s work was also appreciated with the award of �Equity Deal of the Year� for its Petrobras� $70 billion stock sale, in which Citi acted as a Global Bookrunner.
Citi was awarded top position in Affordable Housing Finance�s fourth annual ranking of affordable housing lenders. Its community capital�s volume for 2010 was $2.94 billion, making it the highest in the history of the rankings and had nearly 75% more volume than the second place lender.
The company also announced expansion of OpenWealth platform including, a complete package of trust accounting, operations outsourcing and custody services for wealth managers. OpenWealth solution offers a complete suite of modular services ranging from modern technology, extensive flexibility and the experience of providing client focused solutions. The new offering provided in the OpenWealth included trust accounting on a highly scalable, customizable web-based platform with real-time processing and reporting that supports all phases of the account administration lifecycle. It brings together the household level data across wealth management platforms, investment managers and third-party custodians, offering unified household capabilities to ease the key operational and administrative burdens and help managers focus on building relationships and growing their business.
OpenWealth offers custody service reaching a global network of over 92 markets and full operations outsourcing.
Its Global Transaction Services business was recently appointed by IMI for its sponsored Level 1 American Depositary Receipt programme. IMI�s ADR programme trades in the OTC marketplace under the symbol IMIAY, with each ADR comprised of 2 ordinary shares. IMI�s ordinary shares are listed on the London Stock Exchange.
Citi was also appointed by Sagicor Life Jamaica Limited to provide hedge fund administration and global custody services. The company will be delivering global custody, hedge fund administration and risk reporting to the financial services firm.
Citigroup stock is currently trading at $4.64. The stock is down 0.11% from its previous close. Citigroup stock touched the high of $4.67 and lowest price in today�s session is $4.63.
The company stock has traded in the range of $3.53 and $5.15 during the past 52 weeks. The company�s market cap is $134.67 billion.
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