Citi (company)

Citi (company)

A private equity firm in New York that focuses on offering financial products and services.

Citigroup is a private equity firm in New York that focuses on offering financial products and services. Founded 1998 in New York, United States, it invests in early stage ventures, late stage ventures, seed, and other ventures. Its portfolio companies include DMI Finance, Paige, Rancher Labs, Pragma, and Accern. As of May 2020, Citigroup has made 75 investments. Their most recent investment was on March 23, 2020 with Komgo. Citigroup has had 20 exits, the most notable of which include Uber, Tesla, and Upwork. The company has raised two funds, their latest being Citi Impact Fund. This fund was announced on January 17, 2020 and raised a total of $150M.

Timeline

1812

Founded

People

Name
Role
LinkedIn

Bradford Hu

Chief Risk Officer

Gulrez Jamadar

ICG Global Head of Information Security and IT Risk Management

Jane Fraser

CEO, Citigroup Latin America

Michael Corbat

Chief Executive Officer

Najeeb Haider

Managing Director, Asia Pac Head, Project & Infrastructure Finance

Stephen Bird

Chief Executive Officer of Citi Asia Pacific

Vivienne Artz

Managing Director, Head of International for IP and Technology Law

Yolande Piazza

CEO Citi FinTech

Further reading

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Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

AccessFintech

Aiera

Better.com

ChartIQ

Digital Asset

Factory

Komgo

OilX

T-REX

News

Title
Author
Date
Publisher
Description
The Associated Press
September 10, 2020
CTVNews
Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank.
Reuters
September 2, 2020
@bsindia
A Citigroup China unit has received a domestic fund custody licence from China Securities Regulatory Commission, the bank said, latest foreign financial firm to expand its presence in mainland China
Andy Mukherjee | Bloomberg
August 15, 2020
@bsindia
The biggest victim is a state-dominated banking system that recoups very little from insolvent companies
June 23, 2020
WebWire
Citigroup will issue its second quarter results via press release at approximately 8 a.m. (ET) on Tuesday, July 14, 2020. At 10 a.m. (ET), results will be reviewed via live webcast and teleconference. The press release, webcast and presentation materials will be available at www.citigroup.com/citi/investor. A replay and transcript of the webcast will be available shortly after the event. To dial-in to the live teleconference, please call (866) 516-9582 (for U.S. and Canada callers) or (9...
Sinead Cruise
June 4, 2020
U.S.
Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession.
Reuters Editorial
June 1, 2020
U.S.
Slower economic growth expectations prompted Citi on Monday to slash its forecasts for global remittances, saying this raised the risk to credit ratings of smaller emerging market countries and was set to push up their borrowing costs.
May 20, 2020
WebWire
Today Citi launches WorthiSM, a free, online tool that provides market insights and resources for workers to improve their skills in today's evolving job market. Based on a short, customized questionnaire that identifies skills in demand, the tool helps users find resources for their personalized career goals. "As millions of Americans find themselves at home contemplating their career and next steps, there has never been a more important time to drive more awareness and provide more reso...
Reuters Editorial
May 5, 2020
IN
Citigroup on Tuesday lowered its forecast for iron ore prices which it expects to hit $70 in May due to softening steel demand that will weigh on prices, it said in a research report.
Reuters Editorial
May 4, 2020
U.S.
Citigroup Inc has named veteran banker Kaleem Rizvi as its Asia Pacific head of the corporate banking business, according to an internal memo reviewed by Reuters on Monday.
Reuters Editorial
April 15, 2020
U.S.
Citigroup Inc reported a 46% plunge in quarterly profit on Wednesday as the bank set aside nearly $5 billion to prepare for an expected flood of defaults on loans due to a virtual halt in economic activity caused by the coronavirus pandemic.
Imani Moise
March 13, 2020
U.S.
New York-based banks Citigroup Inc and JPMorgan Chase & Co both reported on Friday that they have employees who have tested positive for the coronavirus.
Pamela Barbaglia
February 25, 2020
U.S.
Goldman Sachs , Citigroup Inc , Credit Suisse and other investment banks have curbed trips to Italy amid fears that the coronavirus outbreak across the north of the country could quickly spread across Europe, sources said.
Pamela Barbaglia
February 24, 2020
U.S.
Investment banks including Citigroup Inc , Credit Suisse and Nomura Holdings Inc <8604.T> have curbed trips to Italy on fears that the coronavirus outbreak across the north of the country could quickly spread across Europe, four sources told Reuters.
Davide Barbuscia
February 19, 2020
U.S.
Citi and Deutsche Bank have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, sources familiar with the matter said on Wednesday.
Byron Kaye
February 14, 2020
U.S.
An Australian investigator who helped bring criminal cartel charges against Citigroup Inc and Deutsche Bank AG told a court he met agents from another regulator in a cafe to discuss the matter but the talks were "high level" only.
Byron Kaye
January 30, 2020
IN
Two Australian regulators may have agreed not to pursue JPMorgan Chase & Co over its role in a criminal cartel case in exchange for its help in prosecuting the other banks involved, a lawyer for another bank told a court on Thursday.
Pamela Barbaglia
January 22, 2020
U.S.
European buyout fund Eurazeo has hired Citigroup and Evercore to prepare the sale of its payments business Planet in a deal that could value the Irish firm at up to 2 billion euros ($2.22 billion), three sources told Reuters.
Reuters Editorial
January 14, 2020
U.S.
Citigroup Inc reported a 15% jump in fourth-quarter profit on Tuesday, driven by higher credit card and trading revenue, as well as a lower tax bill.
Alex Morrell
December 11, 2019
Business Insider
Citigroup's retail bank has been the focus of an overhaul in 2019, with strong results. The firm announced 25 new managing directors in the division.
Alex Morrell and Trista Kelley
December 9, 2019
Business Insider
Managing director is a coveted distinction at Citigroup and the highest title at the firm. The 137 promotions are an increase from 125 last year.
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References

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