Citi Institutional Clients Group

ABOUT THIS COMPANY:

Big Citi

Citi Institutional Clients Group, one of the main units of global banking behemoth Citigroup Inc., offers a full range of investment banking services, including merger and acquisition advisory, debt and equity underwriting, restructuring advice, transaction services, and alternative investments. It operates through five main business units: global markets, global banking, global transaction services, Citi Capital Partners, and Citi Private Bank.  With a history that dates to 1812, parent Citigroup Inc. was rebranded as simply “Citi” in 2007. Prior to its rebranding, Citi was revered as the world’s largest banking and financial services group, but the financial storm of 2008 and 2009 was not kind to this global giant, which saw billions of dollars wiped off its market value, laid off tens of thousands of employees, shed assets, and took $45 billion in assistance from the U.S. government. However, the firm has since rebounded, thanks in large part to its CEO, Vikram Pandit, who famously vowed to take a salary of just $1 until Citi regained profitability—which it did in the first quarter of 2009. Since, the firm has mostly maintained the positive momentum. Today, Citi has over 200 million customer accounts in more than 160 countries around the world and employs 263,000 people.