MEMBER BANKS
Introducing Banking
Association Member
Citibank
Q&A
Name of bank: Citibank, N.A. South Africa branch (trading as Citi
South Africa).
Owner: Citi South Africa is a branch of Citibank, N.A. and is part of
Citigroup Inc. (‘Citi’), the global financial services company.
Core business: As a leading global bank, Citi has about 200 million
customer accounts and operates its business in more than 160 countries
and jurisdictions around the world.
Globally, Citi provides consumers, corporations, governments and
institutions with a broad range of financial products and services.
These include consumer banking and credit, corporate and investment
banking, securities brokerage, transaction services and wealth
management.
In South Africa, Citi is a corporate and investment bank with a
global footprint. We provide our clients with tailor-made solutions. We
offer a full range of financial products and services including mergers
and acquisitions, foreign exchange trading, an equities platform as
well as debt capital markets, debt advisory and liability management.
Our respected research team, comprising both strategists and
economists, covers a variety of stocks primarily based in South Africa.
In addition our corporate finance team provides financial engineering
and structured financing solutions. We also offer trade and cash
management as well as having recently launched our custodial services
(November 2011).
Target market: Citi targets top-tier local companies who are looking
to expand into Africa or across the globe into other markets. Our
clients include public sector, financial institutions and non-banking
financial institutions. We bank with many of the global subsidiaries of
international companies operating in South Africa.
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