citigroup

Retail Asia28/11/2022

Switzerland has always been a magnet for the super-wealthy. In the last two years, more families and their wealth have moved to the country. Citigroup’s General Market Manager for Switzerland said who has been coming over and why. Having worked in several locations in Citigroup’s private banking over the past twenty years, Laurence Mandrile has kept a close […]

Retail Asia25/11/2022

The second half of next year could see an increase in M&A and leveraged finance deals as market makers move closer together in their earnings expectations, and pent-up deals come to fruition. Macro-economic uncertainty, triggered by the Ukraine war, inflation, and supply chain disruptions, have left many European and US deals up in the air, […]

Retail Asia01/12/2021

Unionbank_of_santiago_pagadian_city_zamboanga_del_sur-1024x768.jpg

Citigroup has reportedly selected the Union Bank of Philippines as its preferred bidder for its consumer banking assets in the country. Citi has chosen Union Bank as its preferred bidder for a potential sale valued at an estimated $1 billion, according to a report citing unnamed sources. Talks are still ongoing and no conclusive decisions have […]

Retail Asia19/04/2021

America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale and growth potential, it stated, adding its main markets will include Singapore, Hong Kong, the United […]

Retail Asia17/04/2020

5.Kisah-Citibank-Bank-Asing-Terbaik-di-Indonesia-2-1024x768.jpg

First-quarter profits plummeted 46 percent at Citigroup due in part to its high exposure to unsecured lending via credit cards. Citi posted $2.52 billion in first-quarter profits and set aside $4.9 billion in anticipation of increasing defaults fuelled by the ongoing coronavirus pandemic. The U.S. business reported a first-quarter loss of $837 million with the […]

Retail Asia17/04/2020

First-quarter profits plummeted 46 percent at Citigroup due in part to its high exposure to unsecured lending via credit cards. Citi posted $2.52 billion in first-quarter profits and set aside $4.9 billion in anticipation of increasing defaults fuelled by the ongoing coronavirus pandemic. The U.S. business reported a first-quarter loss of $837 million with the […]

Retail Asia05/12/2019

Jane Fraser is landing a $12.5 million bonus as the bank looks to retain a likely successor to Chief Executive Officer Michael Corbat. The board’s compensation committee granted the award «in recognition of Fraser’s recent promotion to president and to enhance leadership continuity and management succession planning,» according to the firm’s regulatory filing on Wednesday. […]

Retail Asia05/08/2019

Leading fashion technology platform Zilingo announces today the appointment of James Perry as its first Chief Financial Officer (CFO). The former Managing Director and Head of Technology Investment Banking for Asia Pacific at Citigroup has over 20 years of experience in corporate finance, having helped clients raise over US$150 billion, including 40 IPOs in the […]

Retail Asia02/11/2016

KFC Malaysia parent QSR Brands (M) Holdings, is arranging an IPO next year expected to raise about US$500 million. The company, which has both KFC and Pizza Hut restaurant concessions in Southeast Asia, Citigroup, Credit Suisse Group and Malayan Banking will lead the offering. QSR has also chosen CIMB Group Holdings and RHB Bank to […]

Retail Asia28/06/2015

The combined entities will be led by Jonathan Larsen, who is currently the global head of the company’s retail banking division. The newswire reported that the company has also named Anand Selvakesari head of consumer banking for Asia, a position held by Larsen for the past six years. Latin America’s consumer banking division will in […]

Retail Asia28/06/2015

Citigroup Inc (C.N) will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank’s Asian franchise this year. The U.S. bank’s Asia Pacific chief Stephen Bird in April became the global head of Citi’s consumer bank, […]

Tag: citigroup

Citigroup on the Migratory Patterns of the Rich

Citigroup Preparing for a Dealmaking Upswing

Union Bank Chosen as Citi’s Preferred Philippines Bidder

Citigroup to exit consumer banking in Vietnam

Q1 Profits Plummet for Citigroup

Q1 Profits Plummet for Citigroup

Citigroup President Getting a $12.5 million bonus

Former Citigroup MD James Perry joins Zilingo as the Company’s First CFO

KFC Malaysia parent plans IPO

Citigroup’s Retail Banking Reorg

Citigroup combines retail banking and mortgage operations