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Emirates hands global cash management to Citi unit

Emirates airline has selected the financial services firm of Citigroup, to handle its cash management operations in Asia, Africa and North America, the U.S. bank said in a statement on Thursday.

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March 17, 2011 4:06 by



Emirates airline has selected the financial services firm of Citigroup, to handle its cash management operations in Asia, Africa and North America, the U.S. bank said in a statement on Thursday.

Citi said the mandate aims at optimising global cash management by providing payments technology as well as receivables and liquidity tools to Emirates.

It did not provide a value for the deal in the statement.
(Reporting by Praveen Menon; Editing by Dinesh Nair)



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