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 BofA veteran Sophia Wang as head of China FI sales & SRM
Citi names BofA veteran Sophia Wang as head of China FI sales & SRM
Wang is tasked with leading Citi’s institutional sales coverage in the region.
Citi to launch Hong Kong's first virtual card with dynamic CVC
It generates a one-time-use verification code for each transaction.
Citi processes live Swift blockchain transactions with OCBC and FAB
Citi expects to conduct similar transactions with DBS and UOB later in September.
Citi boosts North Asia & Japan corporate desk headcount by 25%
It is also expanding its dedicated China desk network to Brazil and Europe.
Citi eyes record Korean capital issuance year
The bank has raised $60b for Korean clients globally year to date.
Citibank Korea hits record Q2 profit of $133m on trading surge
Net income rose 86% on growth in non-interest revenue from core businesses.
Citi names Goldman's Mascanzoni as ANZ technology capital markets lead
Cristina Mascanzoni previously worked on a Zip equity raising and a cross-border sale.
Citi hires three FX Options traders in Singapore
Eric Poon has been named director of the FX EM Options Asia trading team.
Citi to bank foreign firms investing in Thailand
Citi said it will facilitate cross-border transactions through trade finance, FX, and treasury.
SCB rolls out 24/7 USD clearing in Thailand with Citi Token Services
Settlement is near instant, according to SCB.
Citi bolsters APAC DCM franchise with hires from HSBC and UBS
Anthony Yap joins Citi in Sydney whilst Maria Chua joins the bank in Hong Kong.
Citi streamlines ETF orders for APAC clients as regional assets hit $1.81t
Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms.
Citi Korea posts strongest Q1 since 2018 as net income surges 61%
Total revenues and net income rose by 23% and 61%, respectively.
Citi promotes Sutida Tambunlertchai to head commercial banking in Thailand
Citi has announced a slew of appointments over the past month.
Citi targets APAC insurance investments with new senior hires
They have poached two BofA bankers to help lead its FIG group.
Citi names Raj Rathi as India chief of M&A business
Rathi served as head of strategy and corporate development for an India fantasy sports tech company.
Citi hires Bhavin Shukla to lead infrastructure banking in JANA and Asia South
He joins from J.P. Morgan, where he was a managing director.
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