Cover From left: Citi Philippines Corporate Banking Head Fernando Fleury; Securities Services Head Tiffin Tanseco; CEO Aftab Ahmed; Treasury and Trade Solutions Head Arlene Nethercott; and Country Treasurer and Markets Head Paul Favila
From left: Citi Philippines Corporate Banking Head Fernando Fleury; Securities Services Head Tiffin Tanseco; CEO Aftab Ahmed; Treasury and Trade Solutions Head Arlene Nethercott; and Country Treasurer and Markets Head Paul Favila
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With 120 years of doing business in the country, Citi Philippines can truly show a folder brimming with performance reports and achievements
Today, Citi banks over 950 multinational companies and over 100 top local corporates while remaining the sole settlement bank for the Philippine Domestic Dollar Transfer System for the past 28 years. "Our global network and deep ties in the Philippines have enabled us to deliver on our strategy and exceed our clients' expectations. Our strong commitment to our clients, coupled with our global network and ability to deliver meaningful solutions, has earned us the status of trusted advisor," said Citi Philippines CEO Aftab Ahmed.
Citi operates across three different areas through its Institutional Clients Group: Banking, Markets, and Services.
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Banking
Banking, Capital Markets and Advisory work tirelessly on behalf of clients to deliver a range of strategic corporate finance and advisory solutions that meet their needs, no matter how complex.
Through its local investment house Citicorp Capital Philippines, Inc, Citi was key in assisting clients in raising funds via the capital markets in 2021, helping supranational and corporate clients raise over US$10B. It also led to the largest Equity Transaction in the Philippines, amounting to PhP48.8 billion and a successful equity trade for a supranational’s holdings amounting to US$90 million.
Corporate Banking Head Fernando Fleury explains, “The combination of unparalleled country presence, thought leadership and the ability to share best practices between regions allows us to offer our clients the most innovative and comprehensive ideas and solutions. We can also leverage our in-depth industry knowledge, local market acumen, product creativity and execution expertise.”
Markets
Citi’s Markets business relies on global breadth and product depth to provide an enhanced client experience. Their sales and trading, distribution, and research capabilities span a broad range of asset classes, currencies, and sectors, including Equities, Rates and Currencies, Commodities, and Spread Products.
Markets Head and Country Treasurer Paul Favila agrees, “We have a physical presence in 95 markets and do business in over 160. Citi is the trusted partner of multinational corporations, and we are able to deliver a full range of risk management solutions coupled with seamless coordination for cross-border transfers. Conversely, this network and level of experience allow us to provide unique solutions to local companies seeking to go global.”
Services
Treasury and Trade Solutions (TTS) provides integrated cash management, working capital, and trade finance solutions to multinational corporations, financial institutions, and public sector organisations around the globe. In the Philippines, TTS is at the forefront of driving the adoption of electronic domestic payments. At present, Citi is ranked #1 in terms of value and #2 in terms of volume for outgoing PesoNet payments.
Treasury and Trade Solutions Head Arlene Nethercott adds, "Citi combines the power of local partnerships collectively bringing an extensive local footprint and reach with the strength of its global platforms. Citi drives innovation with the industry while positioning digitally-enabled value-added services to promote a differentiated client experience."
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Citi's Securities Services provides a full suite of solutions, including custody, clearing, asset servicing, fund administration, ETF services, middle office, agency securities lending, collateral management, transfer agency and fiduciary services.
"Securities Services is a trailblazer in the Philippine space, setting itself apart with the launch of the first Middle Office Solution in the country's financial industry. Our innovation and on-the-ground expertise allow Citi to continue as the custodian of choice," according to Securities Services Head Tiffin Tanseco.
Enabling Growth and Progress
"As Citi celebrates its 120th year in the Philippines this year, we reaffirm our commitment to deliver superior financial services and solutions to our corporate clients to help enable growth and economic progress in the country," said Ahmed.
Among their notable initiatives is to assist corporate clients in their sustainability journey through fundraising and advisory. Additionally, their corporate headquarters, Citi Plaza in Bonifacio Global City, supports sustainable operations with double LEED certifications and a WELL Health Safety Rating seal.
See also: 5 Foundations In The Philippines That Prioritise Nature And Sustainability
Championing diversity and inclusion, Citi's 2020 Talent and Diversity Annual Report reveals that 50 per cent of their total employees globally are female. For Citi Philippines, female representation is at 60 per cent, and the median age is 32 years old.
With more than a century of excellent service and enabling progress in the Philippines, Citi is looking forward to more years of helping clients grow.
Learn more about the products and services of Citi Philippines on their website.
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