Results tagged as "leadership"

  • Citi is contender for premier sustainable banking prize.

    By Citi June 16, 2011 03:11 PM

    Citi has been shortlisted for "Cross-Regional Sustainable Bank of the Year" in tonight's Sustainable Finance Awards organized by the Financial Times and International Finance Corporation. The competition recognizes banks that have "shown excellence in creating environmental, social and financial value across...operations."

    In a piece today on the nominees, the FT cited Citi's focus on sustainability within an overall responsible finance framework, financial inclusion through microfinance, financing of "green" businesses and reducing the environmental impact of our own operations as well as those of suppliers. We are honored to be nominated for these achievements and look forward to the event.

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  • Supporting opportunities for soccer.

    By Citi June 08, 2011 05:15 PM

    With the Women's World Cup in Germany just weeks away, several elite players on the roster for Team USA led sports clinics in Philadelphia and Miami for the new season of "Get Active with Citi Soccer Kids." In Philadelphia, Citi hosted an event for 40 children, ages 8 to 12, enrolled in a soccer and leadership development program with the local Starfinder Foundation. In Miami, we worked with 50 students from one North Miami elementary school (pictured above). In both cases, players from the local Women's Professional Soccer (WPS) league teams -- Philadelphia Independence and magicJack -- helped the children fine-tune their soccer skills and shared their perspective on sportsmanship and work habits.

    Citi has sponsored WPS for the last two years as part of an effort to support women's athletics. We are proud that this initiative allows us to join the WPS league-wide program to fight childhood obesity and promote healthy living through sports. Citi and WPS plan to host additional "Get Active with Citi Soccer Kids" in other team markets later this season.

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  • Helping charter schools find space to grow.

    By Citi June 06, 2011 05:11 PM

    The launch of the Canyon-Agassi Charter School Facilities Fund, an investment group designed to help charter schools find permanent school buildings, noted the role of Citi as a lead investor. Combined commitments of Citi and other anchor participants are expected to allow the new fund to finance $500 million in new building or retrofitted space for about 75 charter schools in the U.S.

    In coverage of the launch, an education policy analyst told the Las Vegas Review-Journal that the "biggest barrier charter schools face is getting access to decent facilities." Agassi Ventures and Los Angeles-based Canyon Capital Realty Advisors (CCRA) came together to look for ways to address the obstacle.

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  • Citi's legal pro bono program featured.

    By Citi May 27, 2011 02:11 PM

    In "Six GCs who've made a difference," Corporate Board Member magazine covered the work of Michael Helfer, Citi's General Counsel and Corporate Secretary, to build and sustain a pro bono legal service program at the company. In the piece, Helfer described Hurricane Katrina in 2006 as a pivotal moment: "Katrina was the kind of event that made people stand up and say, 'What can I do to help?' We kept rotating people down there over a period of a few months, and I think that work really put the program on the map."

    Today, the Citi Legal provides a wide variety of legal assistance to those in need, including low-income seniors, homeless families and microentrepreneurs in underserved communities.

    PICTURED: Citi's Michael Helfer and daughter Lisa at Corporate Board Member's 2011 Legal Recognition Dinner.

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  • Microfinance: Bringing the unbanked into the financial mainstream.

    By Jose Quinonez, Executive Director, Mission Asset Fund May 23, 2011 03:27 PM

    This week's fully subscribed Microfinance USA Conference in New York is just one of many signs that microfinance has an important role to play in reaching the millions of people in the United States who are outside financial mainstream. Because of poor credit or lack of credit, many people -- like the low-income and immigrant residents served by Mission Asset Fund -- lack access to quality financial services. These "unbanked" individuals and families have limited savings and investment opportunities and often have difficulty finding the capital and support needed to start and grow businesses.

    Faced with these types of financial hurdles, immigrants frequently seek and develop their own solutions, often utilizing informal peer lending models from their countries of origin. Peer lending circles have many names around the world: from the Susus throughout Africa, Paluwagan in the Philippines, Lun-hui in China to Tandas in Mexico. Regardless of the name, each is built on the principle that participants agree to make regular contributions to a common fund, which is then distributed in whole or in part to each contributor in rotation. Once a member has received the fund, the cycle continues until all members receive a distribution.

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  • Supporting the next generation of microfinance leaders.

    By Citi May 18, 2011 02:50 PM

    Recently, the Microlumbia Fund -- a student organization at Columbia Business School -- hosted the Microlumbia 4th Annual Microfinance Conference. The event looked back at the last decade in microfinance and also forward to the challenges and opportunities of the decade to come. In this video, Lucia Villar, co-president of the Microlumbia Fund, speaks from the conference about the importance of the fund as a forum for providing the Columbia Business School community and other emerging leaders with the means and opportunities to become lifelong contributors to the field. The fund is non-profit and staffed by students who provide growing microfinance institutions with pro-bono consulting services and debt capital.

    Bob Annibale, Citi's Global Director of Microfinance and Community Development, participated on a panel at the conference, focusing on "Extending Horizons of Microfinance Investments."

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  • Pandit addresses Wharton School graduates.

    By Citi May 16, 2011 01:06 PM

    In a speech at the graduation ceremony of the University of Pennsylvania's Wharton School on Sunday, Citi CEO Vikram Pandit told students about his decision to leave academia for Wall Street and other key turning points in his career. He also discussed the business environment that new graduates would be inheriting, defined by "massive trade and capital flows within emerging markets," "explosive growth" in the global middle class, "increasing digitization," and quicker support for entrepreneurial ideas.

    "It's a more exciting world--but also more complex," he said. "I had to adapt to it over the course of a career. You have grown up with it. That gives you an advantage. Use it wisely."

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  • A shared vision for consumer financial capability.

    By Eileen Fitzgerald, Acting CEO, NeighborWorks America May 16, 2011 10:25 AM

    Good partners, like NeighborWorks America and the Citi Foundation, share a common vision. We both believe in financial inclusion and economic empowerment for everyone. And we realize that while helping consumers build financial knowledge and skills is important, it doesn't go far enough. Timely, relevant financial information needs to be coupled with ongoing coaching and access to appropriate financial products and services to help consumers convert financial knowledge into positive financial practices necessary to achieve long-term, sustainable results.

    The Citi Foundation has been a leader in championing this new financial capability approach, and NeighborWorks America has a long history of providing top-notch training to financial educators. Capitalizing on the strengths of NeighborWorks America, the Citi Foundation has made a $5 million grant to expand financial capability programs across the nation.

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  • Pandit addresses U.S.-China rivalry and partnership.

    By Citi May 12, 2011 03:34 PM

    In an address today in New York at the 20th annual conference of a Chinese-American leadership organization, the Committee of 100, Citi CEO Vikram Pandit discussed the significance of the U.S.-China relationship and the "globally important" issues that the nations must confront separately and together. "As the world's two largest economies for the foreseeable future, we have an interest in helping to build and support an international system that is not just in our own interests, but in the service of broad-based growth across the globe," he said.

    Pandit's full remarks from the Committee of 100 conference are available here.

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  • Pandit highlights banks' role in public finance.

    By Citi May 12, 2011 09:56 AM

    In a keynote speech at the 12th Annual New York State Affordable Housing Conference today in Manhattan, Citi CEO Vikram Pandit underlined a "fundamental" responsibility of banks to lend to projects that serve the public, such as affordable housing, the challenge that the recession posed to those efforts and potential concerns arising from financial reform that could impact future support.

    "...I do hope that any enacted reforms will prioritize growth--and encourage investment in our communities," he said in his speech. "Along with this group, Citi will continue to argue forcefully that affordable housing should continue to be a priority for Washington, Albany and City Hall. I especially commend New York State and the Bloomberg administration for continuing to support the affordable housing market during the recession."

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