Results tagged as "leadership"

  • Financing New York City public housing development.

    By Andy Ditton, Citi Community Capital May 10, 2011 12:03 PM

    Last year, in one landmark transaction, Citi Community Capital ("Citi") helped the New York City Housing Authority ("NYCHA") secure over $900 million in financing to help restore NYCHA's financial health, begin much-needed rehabilitations at 21 public housing developments throughout New York City and create hundreds of construction jobs on shovel-ready projects. The upgrades will include brick work, façade and roof repairs, elevator replacement, entrance renovations and heating upgrades in 20,000 units, improving the quality of the homes of more than 46,000 low-income New Yorkers.

    The deal, which NYCHA's chairman described as "a home run" in the New York Times, was struck as a way to fix a longstanding problem stemming from the orphan status of this particular stock of public housing. Unlike New York City's other public housing complexes, this group of 21 developments received no federal financing, which forced NYCHA to divert federal funds from its other buildings to cover operating and capital costs and caused NYCHA to run up deficits of $80 to 90 million annually.

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  • Pandit receives UJA Banking and Finance honor.

    By Citi May 05, 2011 03:54 PM

    The UJA-Federation of New York honored Citi CEO Vikram Pandit with its Banking and Finance Award yesterday for his professional and philanthropic leadership. In accepting the award, Pandit commended UJA and its partner agencies for their efforts to help individuals and families through financial difficulties even as non-profits faced their own challenges.

    "In New York and across the country, the recession impacted the lives of millions of Americans and put a tangible strain on both public and private social services agencies," he said in his speech. "UJA's response to the crisis has been nothing short of spectacular."

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  • Citi wealth management talent honored.

    By Citi May 04, 2011 02:34 PM

    "On Wall Street" named Frank Drago, Senior Vice President, Citi Personal Wealth Management, one of its 2011 Branch Managers Of The Year. Drago, who manages a staff of 73 financial advisors in New York and New Jersey, will be honored at a dinner in New York City this month. The May issue of the magazine profiles each of the winners, who discuss their approaches to marketing, client service and leadership in advisory services.

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  • Citi stokes small businesses on Main Street.

    By Steve LaFredo, Business Banking Director, Citi May 04, 2011 10:39 AM

    I'm in Washington, D.C., this week, along with hundreds of others who are in the business of helping businesses, for the Association for Enterprise Opportunity 's (AEO) annual microfinance conference. We're here to share best practices and develop new approaches for supporting small business, which everyone agrees are the engines of any local economy and key sources of job creation. In fact, a Citi-funded AEO study that was just released found that if one in three microenterprises hired one employee, the U.S. economy would reach full employment.

    I am proud to represent Citi, a global leader in business support with an institutional team focused on microfinance and a company-wide commitment to local businesses. Every day, thousands of Citi employees in the U.S. and around the world are helping to build businesses in their communities by providing mentoring and advice to complement our lending activities.

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  • Honoring New York small business entrepreneurs and their champions.

    By William Stanton, EVP, Citibank Business and Commercial Banking April 28, 2011 04:44 PM

    At an awards ceremony this week in New York, the U.S. Small Business Administration (SBA) New York District Office, with Citibank as co-sponsor, honored outstanding small business entrepreneurs and advocates working to grow businesses and to create and retain jobs in the local community. Judges chose Raj Thakkar, founder of Manhattan-based Charter School Business Management Inc., as New York's Small Business Person of the Year.

    Thakkar, a former chief financial officer of Explore Charter School in Brooklyn, spotted the potential for a service business that would help other schools and organizations manage their accounting, finance, human resources, payroll, compliance and other responsibilities. Five years ago, he launched such an enterprise, with himself as the first employee. His thriving business now employs 20 people.

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  • Marking Earth Week.

    By Val Smith and Bruce Schlein, Corporate Sustainability, Citi April 22, 2011 10:55 AM

    Lights-out, Citibank Center and Citibank Tower, Makati City, Philippines, Earth Hour 2011 Photo credit:Nok Sarinas

    This week, Citi celebrates Earth Week, and as part of our program we hosted a webinar by Chris Coulter from GlobeScan, a research and polling firm. Chris gave a presentation to our employees around the world on global environmental trends. Some of the key points:

    • People polled in 14 different countries named climate change as one of the most pressing global problems, second only to economic development.
    • Sustainability experts point to water and resource depletion as the most important environmental problems across the world today.
    • Across populations in 17 countries around the world, less than half believe that the lifestyle in their country is sustainable for future generations.

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  • Joining Hands on New York Day.

    By Jamie Anzellotti, Vice President, Relationship Manager, Citi April 22, 2011 10:12 AM

    On Saturday, April 16th, 40 volunteers from Citi's NYC Green Team and African Heritage Network participated in a community garden event in East New York, Brooklyn. Euclid Garden was one of 70 clean-up projects coordinated by New York Cares as part of Hands On New York Day.

    Citi and New York Cares partnered with a group of East New York residents who've been working to create welcome and vibrant green spaces in the neighborhood since 1982. Euclid Garden has been a neighborhood fixture for years, providing community members with a space to grow food, enjoy nature and hold annual fundraisers to support a variety of causes.

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  • Citi announces release of its 2010 Global Citizenship Report.

    By Citi April 20, 2011 12:30 PM

    Today, Citi released its 2010 Citizenship Report, which underscores our commitment to Responsible Finance, and showcases our role in the economic development of the communities we serve in over 160 countries around the globe. Read Citi CEO Vikram Pandit's opening letter below, then check out the full report by clicking the link.

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  • The effort to improve the security of cyberspace.

    By Citi April 15, 2011 01:50 PM

    Today, the White House released its National Strategy for Trusted Identities in Cyberspace (NSTIC). The strategy outlines a road map for how public and private sectors could work together on a framework for more secure and convenient digital identities.

    About this strategy, Gary Schneider, a managing director in Citi's Global Transactions Services (GTS) group, said, "Delivering trusted identities in cyberspace is core to how Citi serves its customers across all segments of the firm whether they are consumers, global corporations, financial institution clients or public sector clients. Citi is committed to working with the White House and the Administration on this effort."

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  • New book spotlights Citi's pro bono program.

    By Michael Helfer, General Counsel and Corporate Secretary, Citi April 13, 2011 08:20 AM

    At the core of Citi's mission is working to serve individuals and communities, and to that end, Citi's legal department recently contributed to a book about pro bono service at corporate legal departments. I have encouraged our legal staff across the company and around the world to use their legal skills to better the lives of those in need. I strongly believe that pro bono service is a fundamental part of practicing law.

    While efforts to provide pro bono legal services are deeply embedded at most major law firms, until recently, they have been less prevalent in corporate legal departments. In 2006, I announced the CitiLegal Pro Bono Initiative with my senior leadership team in order to formalize the Citi legal department's commitment to pro bono.

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