By Bill Corrado, Director, Public Finance, Municipal Securities Division at Citi December 05, 2016 11:15 AM
Citi’s success lies in its ability to not only deliver for our customers and clients, but also to serve as a trusted partner, investing in long-term, mutually-beneficial relationships. One example is our relationship with the Unified Government of Wyandotte County / Kansas City, Kansas. Spanning almost two decades, the relationship began in the late 1990s with the successful development of the Kansas Speedway and now includes the development of the Village West shopping area, a professional soccer stadium, and, most recently, a professional soccer training and development center.
November 30, 2016 09:15 PM
Citi has been closely monitoring developments related to the Dakota Access Pipeline (DAPL), and we continue to be concerned about the situation. Throughout this process, and consistent with our commitment to sustainability and respect for human rights, we have remained engaged with Energy Transfer Partners and Sunoco Logistics to discuss our concerns and advocate for constructive dialogue with the Standing Rock Sioux Tribe in an effort to come to a resolution.
By Vanessa Colella, Managing Director, Global Head of Venture Investing & Strategic Growth Initiatives November 30, 2016 01:00 PM
“What will the next breakout fintech company be?”
That was a central topic of discussion and debate among the panelists I served with at last month’s Money20/20 conference in Las Vegas, Nevada where thousands of participants convened to exchange views and gain insights into the future of financial services innovation. As Citi’s Global Head of Venture Investing & Strategic Growth Initiatives, I shared my view that the next big fintech company will likely engage many consumers but may never be recognized as a household name, because it will operate largely behind the scenes, creating seamless, reliable experiences for customers.
November 29, 2016 04:00 AM
Eileen Auld, Director, New York Tri-State Market, Citi Community Development
Michael Berkowitz, Managing Director, North America and Global Liquidity Product Head, Citi Treasury & Trade Solutions
Allyson Schlesinger, Managing Director, New York City/New Jersey Market, Global Consumer Bank
The City Profiles series is dedicated to highlighting Citi’s history in some of our key markets around the world. We spoke to three New York-based leaders to get their perspectives on Citi’s ongoing involvement with the city.
What is your favorite milestone from Citi’s history in New York, and how do we continue to enable progress in the city today?
Mike: New York is where it all began. In 1812, our founders wanted to start a new bank in New York to compete with Philadelphia, Boston and Baltimore in supporting international commerce. After overcoming some challenges, the state legislature provided a charter, and we opened our first office at 38 Wall Street.
By Rachael Barber, Head of Community Development, EMEA November 23, 2016 09:00 AM
As we announced in September, we’re proud to be partnering with the Evening Standard’s #FoodforLondon campaign to help address food waste and food poverty in large urban centers like London. When the Evening Standard approached us in October asking for our help with distributing the boxes of fresh food they had been gifted at short notice, #CitiVolunteers stepped into action, helping to contact charities we work with whose clients desperately need better access to fresh food. Thanks to their efforts 250 food boxes were distributed to families in need through three charities– Brixton Soup Kitchen, Fight for Peace and Toynbee Hall.
By Melvyn Low, Head of Citi’s Treasury and Trade Solutions (TTS) business in ASEAN and Singapore November 22, 2016 09:00 AM
Despite transaction banking being an increasing contributor of banking revenues in Asia Pacific, universities have not kept up with the trend by preparing students for a career in this burgeoning field -- college graduates were not exploring careers in this area because universities did not offer transaction banking courses as part of their curriculum.
As Head of Citi’s Treasury and Trade Solutions (TTS) business in ASEAN and Singapore, my goal is to further strengthen Citi’s position as the bank of choice among multinationals and ASEAN corporations expanding in Southeast Asia – a region of over 600 million people, US$2.4 trillion GDP and projected growth of 7.6 percent compound annual growth from 2015-2020. However, a key challenge for Citi is to develop a pipeline of talent in this space to keep up with demand. In fact, there are often more available positions in the sector than there are qualified applicants. The challenge opened the door to an opportunity to apply my passion for the business and interest in academics.
By Ed Sanchez, Citi Country Officer, Costa Rica November 15, 2016 10:00 AM
Around the world, Citi Country Officers (CCOs) work to balance the execution of their country business strategy with their responsibilities ensuring the safety and soundness of the Citigroup franchise. Through this blog series, we are pleased to share perspectives from CCOs around the world, as well an insider’s look at the countries and cities where Citi operates.
Tell Us About Costa Rica
Official language: Spanish
Population: 4.8 million
Capital: San Jose
Best Places to Dine: Hotel Grano de Oro- Di Bartolo- L’il de France
Favorite Local Beverage: Agua dulce, pipa y Cerveza Imperial
Best Tourist Sites: Arenal Volcano- Guanacaste beaches- specially Flamingo, Tropical Rainforest
What I Love About Costa Rica: ¨Pura Vida¨, its people and culture.
By Gregg Bishop, Commissioner, New York City Department of Small Business Services November 14, 2016 10:00 AM
One third of New Yorkers are immigrants, yet they own half of all small businesses in the city.
In the face of language, cultural, financial, and other barriers foreign-born residents face to make those businesses succeed, their rate of entrepreneurship outpaces the general population.
That passion and grit is the hallmark of what makes each immigrant an instant New Yorker – and a welcome addition to our city. Despite this resiliency, there are challenges that remain for many immigrant New Yorkers when they hope to launch a small business.
The New York City Department of Small Business Services (SBS), with the support of Mayor Bill de Blasio, is committed to supporting the entrepreneurial dreams of immigrants, as we do for all New Yorkers. Immigrant entrepreneurs are creating jobs for themselves, their families and communities, which are critical to a vibrant local economy. This is why our department was proud to partner with the mayor and Citi Community Development to launch the Immigrant Business Initiative.
By Micah Heavener, Managing Director, Global Consumer Bank, Citi & Prior Captain, U.S. Army November 11, 2016 10:00 AM
I am one of America’s 21.2 million veterans. I spent the early 2000s as an infantry officer in the U.S. Army. Part of that time included a year in Afghanistan split between Kandahar and Zabul provinces where I served as a liaison to the United Nations and later with my infantry unit. At the end of my rotation, I faced one of the toughest decisions: what’s next?
Like most veterans, as I was making this transition to civilian life, the last thing I wanted was pity. I wanted to continue to contribute, to be part of a team, and help an organization succeed. I knew I could produce if given the opportunity, but I was not sure how my skills and experiences translated into the private sector.
Luckily for me, I joined a company that actively pursues veterans, and offers programs designed to help them start a career and assimilate into the workforce. Citi’s commitment to veterans did more than offer me the chance to contribute – it was a clear signal the company valued what I had to offer and they were willing to invest in me.
CGAP East Asia Digital Financial Inclusion Program: Will digital financial services be a game-changer for financial inclusion?
By Regina Seow, Regional Head of Citizenship, Citi Asia Pacific November 10, 2016 09:00 AM
In September 2016, Citi partnered with the Consultative Group to Assist the Poor (CGAP) a global partnership of 34 leading organizations that seek to advance financial inclusion, on a pioneering program that aims to support and enable financial inclusion through digital channels.
The East Asia Digital Financial Inclusion Program, funded by Citi Foundation, will leverage policymakers’ experience with digital financial inclusion in three countries – China, Indonesia and the Philippines – which are exploring innovative digital financial inclusion strategies and the challenges and opportunities they represent.
The extraordinary progress in financial inclusion made by China, for example, is largely attributable to policies that promote government-to-citizen subsidies to low-income and rural areas through 900,000 agents deployed in 400,000 villages. The policy and regulatory environment in the country has encouraged a number of payment companies to build on the deep penetration of the internet, smartphones, and e-commerce to increase the use of financial services by broad swathes of the population that formerly were unbanked. Several private companies are also playing a key role in expanding the provision and usage of financial services across the economic and demographic spectrum.