Citibank has set up a new servicing unit within its global transaction services business dedicated to fostering stronger ties with the bank's corporate customers.

The New York money-center last week announced the formation of the customer focus and development department, which will cater solely to improving and extending relationships with clients in the bank's global transaction services area. Global transaction services encompasses all of Citibank's global cash management, securities and trade businesses. The move is part of the bank's new concentration on companies that require international services.

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