[132] A special IRS tax exception given to Citi allowed the US Treasury to sell its shares at a profit, while it still owned Citigroup shares, which eventually netted $12 billion. [65] This deal complemented Travelers/Smith Barney well as Salomon was focused on fixed-income and institutional clients, whereas Smith Barney was strong in equities and retail. "[70] Plumeri boosted the unit's earnings from $108 million to $415 million in one year, an increase of nearly 300%. Key Principal: James Forese See more contacts Industry: Security brokers and dealers , Brokers, security , Dealers, security , Investment bankers , Commodity brokers, contracts See All Industries Printer Friendly View Address: 388 Greenwich St FL 18 New York, NY, 10013-2362 United States See other locations Phone: Website: www.citigroup.com Broker Details Market Specialization Real Estate OTC Metals Interest Rates Foreign Exchange After. Sort by: relevance - date. [153], In February 2016, the company was subject to a lawsuit as a result of the bankruptcy of a Mexican oil services firm. The company's status is Exists now. Smith Barney, Citi's global private wealth management unit, provided brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Introduction CGML is a wholly owned, indirect subsidiary of Citigroup Inc, limited by shares. The entity's status is Active & Good Standing now. We have audited the accompanying consolidated statement of financial condition of Citigroup Global Markets Inc. and subsidiaries (the Company) as of December 31, 2021, and the related notes (collectively, the [119] The government guaranteed losses on more than $300 billion of troubled assets and injected $20 billion immediately into the company. . [166][167], In February 2016, Citi sold its retail and commercial banking operations in Panama and Costa Rica to the Bank of Nova Scotia (Scotiabank) for $360 million. Citi Express modules, 24-hour service units, were introduced in Colombia. [174] In October, the same year, Citigroup was fined $400 million by the US bank regulators as a result of their risk in control systems and was ordered to update their technology. Its headquarters are located in the Shin-Marunouchi Building in Otemachi, Chiyoda, Tokyo. Shareholder: Citigroup Japan Holdings G.K. (wholly owned by Citigroup Inc. indirectly) Paid-in Capital: 154.9 billion . [168] On April 1, Citigroup became the exclusive issuer of Costco-branded credit cards. 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CITIGROUP GLOBAL MARKETS LIMITED Company number 01763297 Follow this company File for this company Overview Filing history People Charges More Officers Persons with significant control Filter. It was created in the wake of the financial crisis as part of Citi's restructuring plan. While Citi Holdings is a mixed bag, its primary objective is to wind down some non-core businesses and reduce assets, and strategically "breaking even" in 2015. N.A/Citigroup Global Markets Inc. Steve Zepeda Communications Principal at Citigroup Global Markets Holdings Inc. Soo Yeon Lee . Acadia Healthcare, Nine Directors Named in Securities Suit. The company provides investment banking services to corporate, institutional, government, and retail clients. [170], In response to the COVID-19 pandemic, Citi provided support to cardholders including waiving late fees. [22][23] Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. This page was last edited on 18 January 2023, at 09:21. [131] Late in 2010, the government sold its remaining stock holding in the company, yielding an overall net profit to taxpayers of $12 billion. Is this your business? Fixed Income Strategy (2004-2005) and global head of Structured Credit Research and Strategy (2003-2005). Starting in June 2006, Senior Vice President Richard M. Bowen III, the chief underwriter of Citigroup's Consumer Lending Group, began warning the board of directors about the extreme risks being taken on by the mortgage operation that could potentially result in massive losses. [53][54] Serving a group of New York merchants, the bank opened for business on September 14 of that year,[citation needed] and Samuel Osgood was elected as the first President of the company. The Directors present their strategic report on Citigroup Global Markets Limited (CGML or the Company) on a standalone basis for the year ended 31 December 2021. Citi | Contact Us Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6. [180], In 2018 The New York Times reported about Citi's actions, under the direction of CEO Michael Corbat, to intervene in the matter of gun control. Citi, the leading global bank, serves more than 200 million customer accounts and does business in more than 160 countries and jurisdictions. He oversaw its network of 450 branches. [242][243], Between 1998 and 2014, Citigroup spent nearly $100 million lobbying the federal government. [citation needed] It became the first contributor to the Federal Reserve Bank of New York in 1913, and the following year it inaugurated the first overseas branch of a U.S. bank in Buenos Aires,[55] although the bank had been active in plantation economies, such as the Cuban sugar industry, since the mid-19th century. [214][215] In 2008, Citi also agreed to pay $1.66 billion to Enron creditors. Meanwhile, the distinctive Travelers red umbrella logo, which was also acquired in the deal, was applied to all the businesses within the newly named organization. by Erin Shaak James Forese Chairman and Chief Executive Officer. The settlement required that the banks separate investment banking from research, and ban any allocation of IPO shares. New York, New York 10019 . [22] While the new company maintained Citicorp's "Citi" brand in its name, it adopted Travelers' distinctive "red umbrella" as the new corporate logo, which was used until 2007.[67]. Citi received the largest amount of TARP funding, "a larger bailout than any other U.S. Find more info on AllPeople about Michael Meeuwsen and Citigroup Global Markets Inc, as well as people who work for similar businesses nearby, colleagues for other branches, and more people with a similar name. Select from premium Citigroup Global Markets Inc Managing Director Ed Morse Interview of the highest quality. Profile People (0) Documents (0) Dockets (738) Attorneys (551) Markets (0) Patents (35) Trademarks (530) Payments (9) Related (222) Co-Founder and Partner of Atrevida Partners, LLC. Strong understanding of macroeconomics in relation to fixed income markets. Former, President and Group Chief Executive Officer, Nordea Bank Abp, Former Superintendent of Banks, State of New York, Compensation, Performace Management and Culture Committee, Nomination, Governance and Public Affairs Committee, Former Assistant Secretary for Intelligence and Analysis, U.S. Department of the Treasury, and National Intelligence Manager for Threat Finance, Office of the Director of National Intelligence. Purchase Lets Citibank Expand Long Island Presence", "Citi Swallows EAB Sandy Takes On J.P. Morgan Chase in NY", "Citigroup to Buy European American Bank in Bid to Increase N.Y. 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Investment Adviser Firm Summary CITIGROUP GLOBAL MARKETS INC. ( CRD # 7059/SEC#:801-3387,8-8177 ) Show All 35 CAPITAL MANAGEMENT DIVISION, TRAK FOR MUTUAL FUND AT NET ASSET VALUE, TRAK FOR CONSULTING GROUP CAPITAL MARKETS FUNDS, SSB COLLECTIVE FUNDS ASSET ALLOCATION SERVICE, SMITH BARNEY, HARRIS UPHAM & CO., INCORPORATED Congrats to the Astaris Capital Management LLP 5-a-side football team that competed against 24 other hedge funds in a tournament last week. This list only contains chief executives since the formation of Citigroup in 1998. 04-Oct-2021. Salomon Brothers absorbed Smith Barney into the new securities unit termed Salomon Smith Barney; a year later, the division incorporated Citicorp's former securities operations as well. [255] Before Skyler was named and before he began his job search, the company reportedly held discussions with three other individuals to fill the position: NY Deputy Mayor Kevin Sheekey, Mayor Michael Bloomberg's "political guru [who] spearheaded his short-lived flirtation with a presidential run, who will soon leave City Hall for a position at the mayor's company, Bloomberg L.P. After Mr. Bloomberg's improbable victory in the 2001 mayor's race, both Mr. Skyler and Mr. Sheekey followed him from his company to City Hall. In 2018, they began building a new headquarters that will be 150,000 square feet of office space on a 19-acre campus. As Representatives of the several Underwriters named in Schedule I hereto, c/o BNP Paribas Securities Corp. 787 Seventh Avenue . Citibank's PAC made donations to both the campaigns and the leadership PACs of many top Democrats who voted for the 2015 spending bill, including Steny Hoyer (Md.) The agent name for this entity is: C T CORPORATION SYSTEM. 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