Citibank 2013 Annual Report Download - page 13

Institutional Clients Group
With trading floors in more than 80 countries, we work
to enrich the relationships, products and technology that
define our market-making presence. The breadth, depth and
strength of our sales and trading, distribution and research
capabilities span a broad range of asset classes, currencies,
sectors and products — including equities, commodities, credit,
futures, foreign exchange (FX), emerging markets, G10 rates,
municipals, prime finance and securitized markets. Our state-
of-the-art Citi VelocitySM platform delivers electronic access to
Citi’s global footprint and real-time information, giving clients
unprecedented access to our capital markets intelligence and
services across all product lines. Through our web, mobile
and trading applications, clients can find Citi research and
commentary and proprietary data and analytics; execute fast,
seamless and stable foreign exchange and rates trades; and
utilize our suite of sophisticated, post-trade analysis tools.
In 2013, Derivatives Week named Citi Global Derivatives House
of the Year, and The Banker named Citi the Most Innovative
Bank for Prime Brokerage, Equities, IPOs, Equity-Linked
Products and Risk Management. Risk magazine recognized
Citi as Client Clearing Service of the Year, and Energy Risk
magazine named Citi Energy Risk Manager of the Year.
Our Investor Services and Direct Custody and Clearing
businesses provide customized solutions that support the
diverse investment and transaction strategies of investors
and intermediaries worldwide. Offering a suite of investment
administration, portfolio and fund services, trust and custody,
and investment and financing solutions, this business
helps clients meet the challenges of issuing, managing and
distributing financial products and services in today’s complex
and competitive marketplace. In 2013, Citi acquired ING’s
Custody and Securities Services business in Central and
Eastern Europe — with €110 billion in assets under custody —
further strengthening our franchise in six important markets
and adding Bulgaria to our proprietary network. Our Hedge
and Private Equity Servicing business also surpassed $500
billion in alternative assets under administration, affirming
its leadership as one of the largest fund administrators in the
alternative asset management industry. Our Issuer business
expanded both our network and our product sets through
our Hong Kong Common Depository by standardizing and
enhancing securities settlements in emerging markets in
response to changes in investor demands. Global Investor
recognized Citi as Hedge Fund Administrator of the Year, while
Global Finance named Citi Best Sub-Custodian Bank. The Asset
magazine gave Citi the Triple A Asset Servicing award.
Private Banking
Citi operates one of the world’s global private banks, whose
teamwork, commitment to service, and ability to see and seize
opportunities for our clients set us apart. Our 800 Private
Bankers act as trusted advisors to many of the world’s most
successful and influential individuals and families. The Citi
Private Bank network of bankers and product specialists work
in 51 offices in 16 countries.
Our comprehensive services are tailored to individuals and
families, including entrepreneurs and business owners,
single- and multi-family offices, senior corporate executives,
next-generation/inherited wealth, law firms and attorneys.
From banking and cash management to lending, investment
strategies, and trust and wealth advisory services, we are
Citi led an $825 million bond issuance by Ruwais Power
Company for a newly constructed desalination and electricity
generation project in Abu Dhabi, United Arab Emirates.
Citi arranged a £400 million and US$300 million financing for Brookfield
Utilities UK and two subsidiaries to link new housing developments to existing
gas and electricity networks across the United Kingdom.
12