Citigroup
Citigroup, or Citi, is an American multinational investment bank and financial services company. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. It owns Citicorp, the holding company for Citibank.
In 2018, policy research and development entity Financial Stability Board named Citigroup amongst the list of 29 banks worldwide that they considered "systemically important financial institutions", that is, financial organisations whose size and role meant that any failure could cause serious systemic problems.
Citi names Prashant Thakker as head of Asia South Corporate Bank
Citi names Prashant Thakker as head of Asia South Corporate Bank
He has spent 18 years in Citi.
1 day ago
Citi strengthens ANZ team with Jefferies, JP Morgan, Credit Agricole hires
Paul Buys joins from Canaccord Genuity as head of research for Australia and New Zealand.
6 days ago
Citi Services launches PayTo initiator for institutional clients
The bank’s clients can initiate account-to-account payments from the service.
Citi’s Corporate and Investment Banking sees 84% rise in M&A fees
It captured 5% of the global investment banking wallet share in Q1.
Citi names Goldman Sachs banker as head of markets solutions in Asia South & North
Chan spent 10 years as head of FICC and equity distribution for SEA at GS.
Citi names Akira Hoshino as head of markets for Japan
Hoshino was head of FX and has led Citi’s rates sales since 2022.
Citi Private Bank unveiled new philanthropy advisory solutions in Asia
Services include donor-advised funds or funding donations through charity partners.
Citi Indonesia names Wit Oemar as head of corporate banking
He is one of the founding members of Citi Commercial Bank in Indonesia.
Citi eyes 10% increase in social finance funding in Asia
Over $2b in social finance transactions were raised in Asia in 2024.
Citi names Jeff Wu as head of market sales for China
Wu will relocate to Shanghai.
Citi unveils real-time 24/7 liquidity mgmt solution in Thailand
With 7-Day Sweeps, cash concentration capabilities are extended to non-business days.
OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses
Josephine Lee had served as wealth head for retail banking in Citi Hong Kong.
Citigroup’s profitability set to grow by 2025: Moody’s
Thanks to continued robust liquidity and strong capital levels.Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in Citigroup’s transformation toward a simpler and safer business model, a core focus for the board, management, and regulators, according to Moody’s Ratings.
Citi launches Citi Digital Bill to speed up monetization of receivables
CDB enables parties to sign, accept, endorse, and finance a digital bill.
Citi sees higher markets-related business in Asia from global investors
Client activity with the bank’s international corporate clients to the Asia market is up 12% in the first three quarters of 2024.
Citi names Hooi Wan Ng as head of markets for Malaysia
Ng joins from JP Morgan, where she had led the local markets and private side sales since 2011.
Citi poaches JPMorgan banker to lead FX institutional sales in 4 APAC regions
Anand Goyal will begin in December, and will be based in Singapore.
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