Citibank 2015 Annual Report Download - page 7

people across ten cities. Buoyed by the
resonance of this effort, the Foundation
began to expand Pathways to Progress
internationally.
Pathways to Progress is just one of a
number of examples I could cite of the
various programs we have developed
to demonstrate our value to society.
As part of our efforts to enable progress
in cities across the globe, this annual
event also highlights the depth of
engagement Citi has with its partners
to address local issues. For example,
many U.S. youth who are part of the
Citi Foundation’s Pathways to Progress
initiative planned and participated in
volunteer events in 10 cities where the
initiative has been implemented.
And after spending my entire 32-year
working career here at Citi, I’m both
proud and convinced that the most
important thing a leader can do is to
work tirelessly to help create a company
and a culture that all of its people — from
a diversity of backgrounds, nationalities,
cultures, interests and perspectives — are
proud to go to work for each day.
Last year, in furtherance of our
commitment to advancing a more open
and collaborative culture and holding
ourselves to the highest possible ethical
standards, we launched a refined Mission
and Value Proposition. For the first time,
all of our people can see on one page a
succinct description of what we do every
day at the world’s global bank. You can
read it on the inside cover.
We also rolled out a new set of
Leadership Standards, reflecting the first
significant update of these important
cultural, behavioral and ethical guidelines
in five years. The overarching goal driving
the roll-out of our new standards was to
create a common language around what
it means to be a leader at Citi.
Looking back on our progress and
performance, I would have to conclude
that 2015 was a year when we saw
indisputable evidence that our aspiration
of returning Citi to its historic roots
as the world’s most admired global
consumer, commercial and institutional
bank is in reach.
We are well positioned to navigate
an environment likely to remain
challenging, whether those challenges
arise from market volatility, revised
growth expectations or political risk
and uncertainty. We entered 2016 with
a strong franchise — a clear strategy, an
enviable capital position and a balanced
and tightly risk-managed portfolio
designed to serve discrete sets of clients.
Perhaps our greatest accomplishment
wasn’t quantifiable according to any
metric that I am aware of. Our ongoing
investment of time, energy and focus to
be constantly creating (and recreating)
a company and a culture that I, and
my 230,000 Citi colleagues around the
world, are proud to work for every day is
what matters most, at the end of the day
and also at the end of the year.
While such things are never easy
to measure, I believe that the
fruits of these efforts will provide
lasting contributions to society, our
communities and economic growth this
year, and in the years to come.
Sincerely,
Michael L. Corbat
Chief Executive Officer, Citigroup Inc.
engaged in service activities to benefit
their local communities. In the days
leading up to and including Global
Community Day, Citi colleagues,
alumni, clients, family and friends
worked side by side on more than 1,200
service projects ranging from urban
revitalization to literacy and education,
career readiness, environmental
conservation and disaster relief.
By Region
North America
48%
Asia
19%
Latin America
17%
Europe,
Middle East
and Africa
16%
1 Results exclude Corporate/Other.
By Business
By Region
By Business
Global Consumer
Banking
50%
ICG Markets and
Securities Services
24%
ICG Banking
26%
ICG — Institutional Clients Group
2015 Citicorp Net Revenues1
2015 Citicorp Net Revenues: $67.6 Billion
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