Citi Institutional Clients Group, the investment banking arm of
global financial services company Citigroup Inc., offers a full
range of strategic advisory and financing products, services, and
solutions to multinational and local corporations, financial
institutions, governments, and privately held businesses in more
than 160 countries and jurisdictions. With a history that
dates to 1812, parent Citigroup Inc. was rebranded as
"Citi" in 2007. Prior to its rebranding, Citi was revered as
the world's largest banking and financial services group. However,
the financial storm of 2008 and 2009 was not kind to this global
giant, which saw a decrease in market value and severe reduction in
headcount. It also received $45 billion in assistance from the U.S.
government (which Citi has since paid back with interest). Since
that time, Citi has completed more than 60 asset divestitures and
today is one of the better capitalized global banks in the world.
Citi employs approximately 257,000 people and is led by its CEO,
Michael Corbat, a 30-year veteran of the firm who, before taking
over for Vikram Pandit in 2012, had been serving as CEO of Citi's
Europe, Middle East, and Africa operations.