Why the bonds between banks and fintechs are strengthening | City A.M

Top global investment banks

Banking Investment / December 31, 2014

Citi's Institutional Clients Group (ICG) enables progress by providing large multinational corporations, public sector entities, ultra-high-net-worth households and investment managers with wholesale banking products and services via an unmatched geographic breadth and product depth.

We are a trusted partner, supporting innovation and growth globally for corporate clients through Citi's network in 97 countries and providing lending, cash management and advisory services that help them to conduct daily operations, to hire, to grow and to succeed. In the public sector, we help build sustainable infrastructure, housing, transportation, schools and other vital public works for the future. With trading floors in more than 80 countries, clearing and custody networks in over 60 countries and connections with 400 clearing systems, we maintain one of the largest global financial infrastructures and facilitate approximately $4 trillion of flows daily. This is what enables us to serve our core clients with distinction.

ICG's work represents all of Citi's core activities of safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi's Capital Markets Origination business is focused on the capital-raising needs of institutional clients, from inaugural issuances and exchanges to cross-border transactions and landmark structures.

Owing to an unmatched global footprint and diverse range of financial products, we aim to be the first choice among issuers for clients' underwriting needs. Our track record of successfully executing in both buoyant and challenging market conditions is a testament to our unwavering commitment to provide the highest quality service to clients. Our structuring and execution expertise has established us as a leader in the equity capital markets, whether measured by innovation or proceeds raised, and has distinguished Citi as the clear choice for debt underwriting, with excellence across a broad range of currencies and markets. In 2016, Citi served as joint global coordinator on the Kingdom of Saudi Arabia's multi-tranche $17.5 billion bond offering; as a bookrunner on Dell, Inc.'s $20 billion bond offering to finance its acquisition of EMC Corporation; as joint lead arranger and bookrunner for $12 billion of debt and equity financing for Molson Coors in relation to its acquisition of MillerCoors; as a joint global coordinator on Samsung BioLogics's $2 billion initial public offering; and as sole bookrunner on Ardagh Group's $4.5 billion bond offering in part to fund the acquisition of Ball/Rexam divestiture assets.

Our Corporate and Investment Banking division provides comprehensive relationship coverage to ensure the best possible service and responsiveness to clients.

With our strong banker presence in many nations, we use sector and product expertise to deliver global capabilities to clients wherever they choose to compete. Our client teams are organized by industry and country, composed of two parts: Strategic Coverage Officers focus on mergers and acquisitions and equity and related financing solutions, while Corporate Bankers—in partnership with Citi's Capital Markets specialists and with support from the Global Subsidiaries Group—deliver corporate banking and finance services to global, regional and local clients. By serving these companies, we help them grow, creating jobs and economic value at home and in communities worldwide.

We played a key role in some of 2016's most significant transactions, including financial advisor to Time Warner Cable on its agreement to be acquired by Charter Communications, Inc. for $79 billion and financial advisor to Dell, Inc. and Silver Lake Partners on its acquisition of EMC Corporation for $67 billion. We served as a financial advisor to Baxalta Inc. on its agreement to be acquired by Shire plc for approximately $32 billion.

Citi's Markets and Securities Services business provides financial products and services as diverse as the needs of the thousands of corporations, institutions, governments and investors that we serve.

We work to enrich the relationships, products and technology that define our market-making presence. The breadth, depth and strength of our sales and trading, distribution and research capabilities span a broad range of asset classes, currencies, sectors and products, including equities, commodities, credit, futures, foreign exchange, emerging markets, G10 rates, municipals, prime finance and securitized markets. And our Investor Services and Direct Custody and Clearing businesses provide customized solutions that support the diverse investment and transaction strategies of investors and intermediaries worldwide.

Source: www.citigroup.com