Results tagged as
"citi for cities"
March 07, 2017 12:30 PM
Carmen Monks, Managing Director, Citi Private Bank
Jim Nolan, Managing Director, Institutional Clients Group - Securities and Fund Services
Peter Smith, Director, Citi Commercial 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 Boston-based leaders to get their perspectives on Citi’s ongoing involvement with the city.
What is your favorite milestone from Citi’s history in Boston, and how do we continue to enable progress in the city today?
Jim: In 2000, we served as sole manager on an offering of taxable project revenue bonds and developed a preliminary financing plan for Gillette Stadium, home of the New England Patriots.
As a result, we like to think Citi played a role in laying the foundation for some great accomplishments by the Patriots – five National Football League Super Bowl championships, including our most recent victory against the Atlanta Falcons! Similar to the strong performance of the New England Patriots over the years, Citi is committed to excellence and continues to build momentum in our effort to provide a range of banking and investment services to institutional investment managers and corporate clients in Boston.
By Don Callahan, Head of Operations and Technology, Citi January 25, 2017 02:45 PM
Work is well underway in transforming Citi’s Global Headquarters located at 388 Greenwich Street into a modern, world-class facility that supports Citi’s businesses and functions, enabling employees to connect and work more closely together, and to better serve our clients and customers. We recognize that it’s not enough to talk about the importance of sustainability, but to make it a priority in all that we do.
And that’s why today we’re joining the NYC Mayor’s Carbon Challenge, a citywide leadership initiative to reduce greenhouse gas emissions in many of the largest commercial buildings in the city by 30% in 10 years. Citi and other New York-based commercial owners and tenants joining the challenge represent more than 58 million square feet of real estate, contributing to a total of 322 million square feet of real estate, a sizeable footprint across our city.
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 Sonia Rahm, Citi Community Capital October 27, 2016 11:00 AM
In Los Angeles, city officials, non-profit organizations and Citi recently gathered for the groundbreaking of a large-scale affordable housing project, underscoring the tremendous need for affordable housing in the second largest city in the U.S.
The new development, Mosaic Gardens at Westlake, will include two adjacent buildings composed of 125 units of affordable housing with 63 of the units reserved for formerly homeless individuals and 62 for working families and seniors. Each building will have its own laundry, community room, roof deck, an onsite gym and a central courtyard connecting the two buildings.
In continued support of the growth and development of Los Angeles, Citi is acting as an investor and lender for the Mosaic Gardens project, collectively providing $40.6 million in construction and permanent loans while acting as the project’s sponsor bank with a $1.2 million affordable housing project loan. Developed by LINC Housing, a non-profit affordable housing developer, Mosaic Gardens is designed to achieve LEED Platinum certification and scheduled to be completed next December.
October 11, 2016 10:30 AM
The City Profiles series is dedicated to highlighting Citi’s history in some of our key markets around the world. We spoke to Weber Lo, Citi Country Officer and CEO for Hong Kong and Macau, to get his perspective on Citi’s ongoing involvement in Hong Kong.
What is your favorite milestone from Citi’s history in Hong Kong, and how do we continue to enable progress in the city today?
Citi’s partnership with Hong Kong dates back more than 100 years and my favorite milestone occurred in 1906 just after we opened for business in Hong Kong. One of our first major Hong Kong-based clients was Li & Fung, the world’s largest supplier of clothes and toys to retailers. We’ve enjoyed a relationship ever since that remains strong and flexible enough to span several generations – a testament to the trust we’ve built together.
The longevity of that relationship speaks to the continuity of our culture, and our ability to responsibly provide financial services that enable growth and economic progress for our clients and communities. The strength of our global franchise firmly rests on our adherence to our Mission and Value Proposition and commitment to submitting the Three Ethical Tests to all of our business decisions.
September 06, 2016 11:45 AM
The City Profiles series is dedicated to highlighting Citi’s history in some of our key markets around the world. We spoke to Hélio Magalhães, Brazil’s Citi Country Officer, to get his perspective on Citi’s ongoing involvement in São Paulo.
What is your favorite milestone from Citi’s history in São Paulo, and how do we continue to enable progress in the city today?
I’d have to say it was our celebration in 2015 of Citi’s 100 years in Brazil. That was a truly special milestone that demonstrates our longstanding commitment to a country that has meant so much to us over so many years. To commemorate our centennial, Citi gave a lasting gift to São Paulo – a sculpture by renowned artist Tomie Ohtake. The sculpture was placed on Paulista Avenue, where Citi Brazil has its headquarters and where we hold events for clients and colleagues. That same year, we were also recognized as a ‘Great Place to Work’ and ‘Best Bank to Work [for] in Brazil,’ and as the ‘Best Company for Disabled Workers’ in the country. All of these honors reflect our commitment to enable progress and growth for our clients, our colleagues, and our communities, and other stakeholders as well.
I’m also proud that Citi has been such a strong supporter of São Paulo’s growth and development over the course of many decades. For a recent example, last year we extended more than R$210 million in loans and investments for affordable housing. The Citi Foundation also supported a number of charitable organizations with over R$958,000 of funds, and more than 900 Citi colleagues contributed more than 3,800 volunteer hours.
August 11, 2016 08:45 AM
Jim Glerum, Chairman, Regional Banking North America
Mindy Mercaldo, Managing Director, Market President Central Southeast Division
George Wright, Director, Citi Community Development – Midwest
The City Profiles series is dedicated to highlighting Citi’s history in some of our key markets around the world. We spoke to three Chicago-based leaders to get their perspectives on Citi’s ongoing involvement with the city.
What is your favorite milestone from Citi’s history in Chicago, and how do we continue to enable progress in the city today?
Jim: Our history of financing major railroads back in the 1860s supported Chicago’s status as a global transportation hub. More than a century later, in 1997 we became an approved City of Chicago Municipal Depositary and custodian of city assets – a status I’m proud to say we’ve maintained for nearly a decade since.
George: Chicago is a city that isn’t afraid of experimenting and developing innovative solutions to problems. That means we can test and implement bold ideas that result in real benefits for both our clients and our communities. My favorite milestone happened in 2012, when with the City of Chicago and Accion Chicago we co-developed the Chicago Microlending Institute (CMI), a first-in-the-nation initiative that tripled the number of micro-lenders in the city. The CMI ensures that more of Chicago’s entrepreneurs and small business owners get the capital they need to grow their business and create jobs in the communities that need jobs and capital most. The CMI has loaned more than $2 million for Chicago’s low-income and immigrant businesses, while we made more than $126 million in loans to 170,000-plus small businesses in Chicago last year. Programs like these make Chicago a more inclusive city where an increasing proportion of residents are able to contribute to the city’s economy.
Mindy: I’d say the introduction in 1992 of the Citigold suite of wealth management products and services here and in Washington, D.C. Our Citigold team works hard to provide a differentiated customer experience for affluent clients in Chicago. I’m proud of our globality and our unique ability to meet the needs of a wide range of clients across borders.
July 26, 2016 10:00 AM
Jason Fedash, Director of Business Banking for Philadelphia and Washington, D.C.
Mindy Mercaldo, Managing Director, Market President, Central Southeast Division
Diana Meyer, Sr. Vice President, Metro Washington Marketplace Manager
Courtney Ward, Managing Director, Markets and Securities Services
Candi Wolff, EVP, Head of Global Government Affairs
The City Profiles series is dedicated to highlighting Citi’s history in some of our key markets around the world. We spoke to five Washington, D.C.-based leaders to get their perspectives on Citi’s ongoing involvement in the Greater Washington community.
What is your favorite milestone from Citi’s history in Washington, D.C., and how do we continue to enable progress in Greater Washington today?
Courtney: My favorite milestone is our 1976 financing of bonds for the Metropolitan Transit Authority – the Metro. Now, the Metro operates the second largest heavy rail transit system, sixth largest bus network and fifth largest paratransit service in the U.S.
Diana: In recent years the city of Washington, DC has made a concerted effort to be more inclusive – to be a city where everyone has the opportunity to contribute to and benefit from the local economy. Promoting entrepreneurship, especially in low-income neighborhoods and communities of color, is central to that objective. Citi Community Development has been front and center of these efforts and has built long standing relationships with the City and local community organizations to ensure that all entrepreneurs have access to the capital and assistance they need to start businesses and create jobs. For example, Citi has provided significant financial support and expertise to the Latino Economic Development Center (LEDC), which has made hundreds of loans to small and micro businesses in Greater Washington, creating new jobs in the communities that need them the most.
Mindy: In 2016, we opened a Citi Smart Banking branch at Dupont Circle. The branch is one of the first in the country to feature state-of-the art technologies like a digital merchandise wall and a workbench concept. Plus, the smart branch staff is equipped to deliver a more engaging experience to our clients.
Candi: I’m particularly proud of our support for the Washington Tennis & Education Foundation through our title sponsorship of the Citi Open tennis tournament. Every year in July, the WTEF hosts some of the top-ranked players in the world at the Citi Open. A portion of the proceeds from the Citi Open benefits WTEF’s education and tennis programs, which help underserved children and youth in the city. This year, Citi is also providing a new opportunity for the WTEF called “Citi Open Professional Development Day,” an event that will enable a group of WTEF children interested in the inner workings of the sports and entertainment industry to have an opportunity to shadow a series of professionals behind the scenes at the tournament.
By By Patrick Dewilde, Head of Markets and Securities Services, Asia Pacific ex-Japan, Han Kwee Juan, CEO Citibank Singapore Limited and Cheryl Chen, Head of Corporate Citizenship, Citi Singapore July 11, 2016 12:30 PM
As we launch the City Profiles, dedicated to highlighting Citi’s history in some of our key global markets, we speak with three Singapore-based Citi leaders to get their perspectives on Citi’s ongoing involvement with Singapore.
What is your favorite milestone from Citi’s history in Singapore and how do we continue to enable progress in the city today?
Patrick: My favorite milestone has to be 1999 when we were awarded the Qualifying Full Bank license. A few years after that, Singapore’s cultural center, the Esplanade also opened. This development showed that the city was advancing progress through greater cultural awareness and confidence. So the timing was propitious for us to receive our QFB license when the city was blossoming. Since then, our retail bank, commercial bank, investment bank and our markets businesses have all grown substantially.
We have heped to enable growth and progress in the city by identifying opportunities and making significant contributions. Singapore is small city and a small nation, but it has always had great aspirations. Thanks to a strong local educational system, a favorable central location in a booming region, and the strategic vision of the government, the business climate is extremely supportive. All that helps us to maintain and sustain Singapore as a regional hub, not just for Southeast Asia but for Asia as a whole.
Kwee Juan: My favorite milestone from Citi’s history in Singapore was when we incorporated Citibank Singapore as a local subsidiary of Citigroup. After the Singapore-United States Free Trade Agreement came into force on January 1st, 2004, we leveraged the opportunities from the FTA to expand our business.
A year later, we locally incorporated Citibank Singapore Limited. As a result, Citibank became the first foreign bank to be locally incorporated. That was a significant milestone for us as it was the first time that a foreign bank was able to compete on equal footing with the local banks in the consumer market. It also marked the beginning of strong growth for our consumer banking business here. We were able to provide a full suite of banking solutions to consumers in Singapore and grow into one of the Domestic Systemically Important Banks, which ultimately enabled us to play a responsible role in society – to help the citizens and residents of Singapore save for the future and fulfil their financial aspirations.
Today, the emphasis on the development of the Singapore FinTech industry is another new milestone in the banking and finance sector. We look forward to an exciting future here and in the region, both as a partner with local start-ups and as a source of solutions to our customers with our Mobile First strategy. Mobile First is providing the convenience of banking with Citi to both consumers and clients.
By Ed Skyler, Executive Vice President for Public Affairs, Citi June 29, 2016 02:45 PM
When we think about the many ways that Citi makes a difference in our communities, whether by helping get the lights turned back on in Detroit, volunteering in our neighborhoods or helping young people prepare for jobs in today’s economy, we’re always gratified by recognitions from organizations like Points of Light, the largest organization dedicated to volunteer service in the world.
This year, for the fourth year in row, we’re honored to be included in Points of Light’s Civic 50, an initiative that honors the 50 most community-minded companies in the U.S. This year’s Civic 50 honorees were selected for demonstrating a consistent commitment to helping to address a wide range of societal challenges through volunteerism, responsible business activities and philanthropic support.