Citigroup Global Markets Inc. · New York, NY United States
Company Description
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This link will open in a new window Citigroup Global Markets is the brokerage and securities arm of banking behemoth Citigroup . The company provides investment banking services to corporate, institutional, government, and retail clients. It divides its business into four geographic regions: North America, Europe/Middle East/Africa, Asia, and Latin America. The group operates in Japan through Nikko Citi , Citigroup's joint venture with brokerage Nikko Cordial Corporation. As part of a major restructuring by Citigroup, Global Markets, along with its parent company's retail and private banking units, will be split from Citigroup's consumer finance business in a new company to be called Citicorp. To read the full description, subscribe now.
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Key Citigroup Global Markets Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 39,000 |
Citigroup Global Markets Inc. Executives
37 executives listed for Citigroup Global Markets Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Vikram Pandit | Network |
| CFO | Cliff Verron | Network |
| Head Technology | Steven Randich | Network |
Competition
Competitive Landscape for Citigroup Global Markets Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Citigroup Global Markets Inc. Competitors
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