NEW YORK--(BUSINESS WIRE)--

Citi has once again been awarded Derivatives Clearing Bank of the Year by GlobalCapital for the fifth consecutive year. The award was presented at the annual Americas Derivatives Awards gala in New York which honor the companies, innovations and people that have had the biggest impact on the derivatives markets in the region during the past 12 months.

Citi Futures is one of the world's largest participants in exchange-traded derivative markets and has also established itself as a market leader in the evolving OTC Clearing world.

“It’s truly an honor to once again be recognized for our achievements in Futures and OTC Clearing,” said Jerome Kemp, Global Head of Futures, Clearing and Collateral. “We put our clients at the center of everything that we do and this award is a testament to our commitment and our ability to deliver innovative solutions to the market.”

“Our clearing business continues to differentiate itself through thought leadership and the use of innovative technology,” said Christopher Perkins, Global Head of OTC Clearing. “We remain focused on serving our clients by delivering industry-leading solutions as we navigate the complex global regulatory environment.”

“In the challenging market of derivatives clearing, Citi’s expert team has demonstrated skill and dedication, not only in building its business line but in advocating for derivatives clearing and its benefits for financial markets and their stability,” said GlobalCapital editors.

Citi has won a number of prestigious clearing awards in the past year including Risk magazine's Client Clearer of the Year and Futures and Options (FOW) Bank of the Year. Citi was also named Derivatives Clearing Provider of the Year by Custody Risk.

Citi, the leading global bank, 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.

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