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By Terry Hogan, Global Head of Diversity and Director, Talent Management, Citi September 28, 2016 08:30 AM
Today, American Banker magazine announced its 2016 "Most Powerful Women in Banking" lists. Once again, Citi made a strong showing. All of these talented leaders are not just vital to our businesses - they are also among the most respected bankers in our industry and play an integral role in our businesses and communities. Congratulations to all on this wonderful honor, we are fortunate and very proud to have them.
- Barbara Desoer, CEO of Citibank N.A., featured in the “25 Most Powerful Women in Banking” list.
- Jane Fraser, CEO of Citi Latin America, featured in the “25 Most Powerful Women in Banking” list.
- Suni Harford, Regional Head of Markets for N.A., featured as part of the “25 Most Powerful Women in Finance” list.
- Julie Monaco, Global Head of Public Sector Group and Head of Know Your Client and Anti Money Laundering Operations for Corporate and Investment Banking, featured in the “25 Most Powerful Women in Finance” list.
- Elinor Hoover, Vice Chairman of Capital Markets Origination and Global Co-Head of Consumer Products Banking, Citigroup, featured in the “25 Most Powerful Women in Finance” list.
- Tracey Brophy Warson, Head of Citi Private Bank North America, featured as part of the “25 Most Powerful Women in Finance” list.
- Candi Wolff, Head of Global Government Affairs, featured by American Banker in “What Women Wonks Want”.
By Arvind Purushotham and Ramneek Gupta, Managing Directors and Co-Heads of Venture Investing, Citi Ventures August 09, 2016 04:00 PM
Jennifer Fitzgerald, Founder & CEO of PolicyGenius; Sunil Hirani, Co-Founder & CEO of TrueEx; Simon Moss, CEO of Pneuron; Alexa von Tobel, Founder & CEO of LearnVest; Arvind Purushotham, Managing Director & Co-head of Venture Investing at Citi Ventures
Today’s pace of technological change calls for a radically open approach to innovation, and both startups and established companies have a lot to learn from one another. To further facilitate this important dialogue, Citi Ventures invited 25 of the most innovative startups in the global entrepreneurial ecosystem to join some of Citi’s top executives, including Citi CEO Mike Corbat, for a unique opportunity to exchange ideas and experiences.
By Jay Collins, Vice Chairman, Corporate & Investment Bank, Citi July 18, 2016 01:30 PM
Global and local capital markets have powerful potential as development funding tools and offer the world the ability to move beyond traditional development assistance and philanthropy to structures and solutions that leverage public funding and crowd-in the private sector (OECD/WEF, 2015). With myriad structures, themes and formats, capital markets have the scale, depth and potential to reach far beyond the current multi-billion dollar development funding level. Largely because of their size, they can drive the move called for by World Bank’s President Jim Yong Kim (2015), “from billions to trillions”.
Perhaps the most important example of the underutilised potential of capital markets lies in the infrastructure funding gap, which exists in both emerging and developing economies. The world spends approximately USD 3.3 trillion per year on infrastructure (Dobbs et al., 2013: 10), with the bulk of this funded directly by governments on their balance sheets, despite debt and deficit limitations; only some USD 400 billion is contributed annually through project finance markets, in the form of non-recourse loans and/or bonds that are paid from cash flows from the project rather than the balance sheets of its sponsors (Dealogic, M&A Analytics database). With Basel III and Solvency II constraints, which impose more stringent capital requirements on financial institutions and insurance companies, this predominantly bank-funded market will not grow meaningfully unless solutions are found to push more infrastructure financing into global and local capital markets. Currently, only USD 30-50 billion of project bonds are completed annually, which makes global bond markets only a small fraction of the infrastructure funding pie (ibid.).
June 02, 2016 10:00 AM
The Citi Journalistic Excellence Award was established in 1982 as a way to recognize journalists for excellence in financial and business reporting in markets where Citi does business around the world. Since its inception, more than 300 talented journalists from over 100 media outlets in 37 countries have attended the seminar. The nominees are selected by independent panels assembled by Citi. The Columbia University Graduate School of Journalism screens the nominees and selects a winner for each region.
This year, 19 winners from around the world will be invited to participate in an 8-day business and financial seminar in New York City administered by the Columbia University Graduate School of Journalism and sponsored by Citi. The program offers participants rigorous workshops in the principles of accounting and finance, and exposure to institutions, policy makers, and other thought leaders in the US. Every year the journalists able spend a day hearing from various Citi senior executives.
By Julie Monaco, Global Head, Public Sector Group, Citi May 23, 2016 10:30 AM
One of the most pressing issues that I see facing our clients around the world is the prioritization of much-needed infrastructure. The growing trend of urbanization is having an unprecedented impact on the need for infrastructure – whether it is transport, water and sewer, digital or social. By 2030, the world's urban population is projected to increase to 4.9 billion people, roughly 60% of the world's population. China, India and the United States will have the largest number of urban dwellers in the world. Infrastructure is critical to creating economic development, attracting talent, making cities more livable, and helping cities transition to a smarter, more sustainable future, yet not enough projects are moving forward to meet the need.
In February 2015, we launched the ‘Financing Urban Infrastructure Initiative’ in partnership with the New Cities Foundation, Arup and Cisco to focus more attention on the topic. Dr. Julie Kim of Stanford University, the Initiative’s Senior Fellow, recently released a Handbook on Urban Infrastructure Finance, which provides actionable research that will serve as a resource for urban planners in cities around the world.
Earlier this month, we partnered with the New Cities Foundation to host participants from across the public, private, nonprofit and academic sectors at Citi’s global headquarters in New York for a discussion about urban infrastructure development around the world, and importantly, how to finance this need. The event provided an opportunity for traditional and newer actors from around the world to come together to share innovative ideas and best practices.
By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi May 18, 2016 10:30 AM
On Saturday, June 11, I’ll be joining tens of thousands of my colleagues, along with our friends and families, to celebrate Citi’s 11th annual Global Community Day. For the past decade, we’ve marked this annual day of service around the world by donating our time, skills and expertise to make a difference in the communities where we live and work. This year, together with our community partners, we will once again stand for progress by helping tackle a range of pressing challenges in our cities, from beautifying parks and streets to teaching young people the basics of financial know-how to helping communities bounce back from natural disasters.
Since the inaugural Global Community Day in 2006, more than half a million Citi volunteers have contributed more than three million hours of service to Global Community Day projects in hundreds of cities. This truly has become a tradition at Citi. While these statistics help tell a big part of the story about the positive impact we can have on individuals and communities, by participating ourselves in community activities, we can also see on a deeper level the tangible results of Global Community Day. Last year, I was with more than 100 other Citi volunteers at the Red Cross in New York City, making care packages for veterans and military service members overseas. We also made cards with hand written notes, thanking them for their service – it was the least I could do to give back to others who have sacrificed so much for us.
By Val Smith, Director and Head of Corporate Sustainability April 18, 2016 03:00 PM
Each year, Citi marks Earth Day, not just through events on that one date, but through a week-long series of employee-led sustainability initiatives around the world. These events raise awareness of important environmental and social issues, and support our Mission and Value Proposition by creating a meaningful, positive impact through reducing Citi’s operational footprint and deepening our ties to the communities where we live and work.
On Friday, April 22 – the date recognized globally as Earth Day – UN delegates will gather in New York City to formally sign and adopt the Paris Agreement. This agreement, a product of focused negotiations among nearly 200 countries, lays out a path to limit the rise in global temperature to under 2oC in an effort to avoid calamitous changes to our climate.
In support of Earth Day 2016 and the Paris Agreement, I would like to highlight some of Citi’s achievements in advancing Sustainable Progress, as well as our goals moving forward.
By Steven Avadek, Director and Global Head, Citi Realty Services March 30, 2016 04:00 PM
Vashi Branch, Mumbai, India
For the ninth year in a row, Citi has engaged in Earth Hour campaign efforts encouraging Citi facilities to go 'dark' on March 19th between 8:30PM and 9:30 PM local time. Every year, Citi Realty Services coordinates with Citi sites across the globe to participate in Earth Hour by turning off all non-essential lights in office facilities and branches around the world. This year, Citi sites in South Africa, Taiwan, Sri Lanka, Nigeria, The UAE, The UK and US were among the over 3,181 Citi locations in 1,120 cities in 94 countries that switched off their lights during Earth Hour.
Citi first joined the Earth Hour event in 2008 with more than 50 registered locations, and has continued over the years to add more sites to support the campaign around the world. Sustainability is a key priority at Citi and I’m proud of the level of employee engagement around our sustainability initiatives. This year Citi came together more than ever before surpassing last year’s total sites ‘going dark’ and exceeding a participation rate of over 67 percent. Employee participation is critical to the success of any sustainability program and our colleagues continue to demonstrate their commitment to the importance of our sustainability initiatives.
By Brandee McHale, President of the Citi Foundation and Director of Corporate Citizenship, Citi March 08, 2016 11:30 AM
In the last year alone, the Citi Foundation invested in programs supporting the economic progress of more than half a million women globally. These investments included more than $11million in programs that primarily or exclusively support women's financial inclusion, employment and livelihoods. Across the world, we have been working in partnership with innovative organizations to co-design programs that accelerate the economic inclusion of women. These efforts are expanding our understanding of the needs of women as microfinance clients, entrepreneurs, students, and are also providing them with the financial resources and services they need to build more stable future for themselves and for their families while contributing to the economic growth of their countries.
By Jamie Forese, President of Citigroup and Head of the Institutional Clients Group February 29, 2016 04:00 PM
Throughout the month of March, Citi celebrates International Women’s Day (IWD). International Women’s Day, championed by Citi Diversity and Citi Women, is one of the most visible and inclusive expressions of Citi’s commitment to helping women succeed. Last year, Citi engaged our clients, employees and community partners by hosting 231 local events in 134 cities from 90 countries and we are on track for similar participation in 2016.
Our 2016 theme for International Women’s Day reflects Citi’s position that diversity and inclusion requires the engagement of all employees: It takes all of us.