citi @ campus q2 edition (april - june 2010)
TRANSCRIPT
Dear Students,
With great pleasure, we at Citi present to you a revamped version
of our quarterly campus newsletter Citi @ Campus.
We firmly believe that our best talent is sought from business
schools. Hence, we think it's imperative to connect with you and
update you about Citi repeatedly in the year. Citi @ Campus is one
such medium of keeping you apprised on the happenings at Citi.
We will continue to connect with you through our other channels
including our Corporate Interaction Series, our Partnership with
College Festivals, our Scholarship Awards and of course our
Management Associate Program.
The latest newsletter provides insights on our various businesses
and Citi's performance in Q2, 2010. With the economy bouncing
back on the growth trajectory, we have ambitious growth plans,
as we aspire to service our clients even better.
I hope you enjoy reading this newsletter. If you have any
suggestions or feedback, please feel free to write to Arun from the
Citi HR team at [email protected].
Warm Regards,Stephen CroninHuman Resources OfficerCiti South Asia
Citi @ Campus
Q2 Edition (April - June 2010)
Quarter 2 @ Citi India: A note
from the CCO's Desk
Citi India bags best Consumer
and Corporate Internet Bank
Award
Citi Microfinance "Crack the
capital markets”
‘Impressions' - The Internship
Program at Citibank
Citi - Larger Than Life
Senior
Appointments
In this edition…..
I am very pleased to share the
highlights for Second Quarter
2010.
First, a quick update on Citi's
second quarter end financials.
Our global net income was at
US$ 2.7 billion for the quarter
and US$ 7.1 billion for the year. It
was another solid quarter for
our region (Asia Pacific) with net
income of US$ 1.2 billion on
revenues of US$ 3.5 billion. Asia Pacific was also the
largest contributor to global net income for the quarter.
For first half of 2010, Asia Pacific has delivered net income
of US$ 2.5 billion on revenues of US$ 7.3 billion.
House and Best Cash Management House in Asia. Global This sets the stage for our aspirations and strategic growth Finance named Citibank's online platform the Best Internet objectives for Citi in India. This quarter has been notable Banking Platform in India for the second year in a row. It is in terms of the industry recognition that we received. also a matter of great pride for us all that Citi CEO Vikram Euromoney and FinanceAsia have recognized our Pandit has been named Euromoney Banker of the Year.Investment Banking business in India as the best in its
category. Euromoney also recognized us as the Best Citi has been very focused on Corporate Social Responsibility Global Transaction Banking and we have launched several new initiatives over the past
few weeks, which demonstrate our commitment to the
community in India. We have recently committed to
donate our phased-out inventory of 500+ computers and
peripherals to about 20 NGOs. Each machine has been
made use-worthy with basic software and is in the process
of being handed to these institutions with adequate
installation support. The India Community Day, which was
held recently, saw nearly a thousand employees across the
country coming together as volunteers towards several
great causes.
Citi @ Campus2
Q2, 2010 @ Citi India: A Note from the CCO's Desk
Volunteers along with children from Akanksha hold up the saplings that they have planted after conducting a session on Climate Change
Citi employees along with children from Byrajju Foundation create the Citi logo
CCO - Pramit Jhaveri
Citi Foundation, ACCION International and EDA Rural Systems recently co-hosted the "Microfinance Cracking the The event took place in New Delhi, India, one of the most Capital Markets" conference for microfinance investors, vibrant microfinance marketplaces in the world. More than with a focus on investments in South Asia and India. 250 institutional and private equity investors, investment
fund managers, venture capitalists, microfinance institution leaders, investment bankers, and ratings agencies convened to discuss successes, challenges and trends in microfinance investment.
The conference featured a series of panel discussions on equity and debt deals in the microfinance sector and their implications for the future of the space. Topics included a look at valuations as a potential barrier to entry of additional equity capital, innovative debt financing deals, and various structures for raising debt capital.
Interesting Facts:
India is the world's largest microfinance market where more than 600 million people live on less than
US $1.50 a day
30% of all microfinance equity transactions worldwide in 2009 took place in India
Indian Microfinance Industry to cross 110 million clients and $30 billion in loan portfolio by 2014
=
=
=
Citi India has won another two coveted awards conducted by the Economic Times. This follows
to add to the impressive list of kudos it has achievements by GTS, which won the "Best
received this year. Based on the strength of our International Trade Bank in India" award given
internet platform, Global Finance Magazine has out by Trade Finance Magazine. GTS also scored
bestowed on Citi the "Best Consumer Internet in the 19th Annual Asiamoney Cash
Bank in India" and the "Best Corporate Internet Management polls which declared Citi as the
Bank" awards for 2009. "Best Global Cash Management Bank" in the
small and medium categories, and for the
This is another feather in the cap for Citi India, second time in a row was also voted "Best
which was earlier voted "Best Foreign Bank" in Global Cash Management Services" by financial
the annual "Most Trusted Brands Survey 2009" Institutions in the small & medium categories.
Citi @ Campus3
Citi Microfinance-"Crack the Capital Markets"
Citi India Bags Best Consumer and Corporate Internet Bank Award
Citi @ Campus4
Ankit Mohan (Class of 2011 - IIM Ahmedabad)
I had a chance of being a part of Citigroup Global Markets - Market Risk team as a summer associate. The internship was well structured where every summer intern was assigned a mentor right from Day 1. My mentor regularly spent time with me to familiarize me with the culture and
working environment of the organization and then later on his guidance proved extremely helpful while working on my projects. I completed two projects which gave me understanding of
the Risk aspect of the Markets business. The work culture was informal and everyone was approachable and ready to help an intern out. Overall it was an enriching experience and my
gains from the process exceeded my expectation.
My project required me to analyze and suggest ways for improvisation of the sales process flow. The best part of the internship experience apart from learning the tricks of the trade, was to work in multicultural environment with highly competent people. As an intern I unabashedly
asked questions and understood the trade in and out. The open environment at Citibank encourages a person to move out of his comfort zone and explore. One need not be restricted
to his desk; I could talk to people across the organization part of various functions and get a view of the whole business. Summer internship program at Citibank is a structured
development program which is tailored to suit one's individual's needs. It allowed me the opportunity to plot my own course and maximize my development. Neha Aggarwal
(Class of 2011 - DOMS, IIT Delhi)
Tresa Sankoorikal (Class of 2011 - Jamnalal Bajaj Institute
of Management Studies)
When my internship commenced, I was very anxious about whether I would be able to live up to expectations as per Citi Standards. But within the first few days, with impeccable support from my project guide, I knew I had little reason to worry. My project involved a study of the Power sector and at the end of two months, I felt that I had acquired more knowledge in that domain than I could have imagined possible in a span of eight weeks. I was part of the Risk department
but received help and inputs from members of various other departments as well. Overall it was an extremely pleasant experience and the value addition from my two months at Citibank
cannot be overemphasized.
‘Impressions', our 8 week internship program, is structured to provide students like you a broad overview of our organization
and also provide meaningful exposure to a business function. Every project assigned has a definite business rationale giving
students exposure to some of the live business challenges in today's competitive environment.
Over a period of time, Citi has used this as an effective way to hire Management Associates (MA). Every year, basis the
performance during the internship and a rigorous pre-placement interview process, significant population of the Summer
Interns join Citi as MAs. For instance, in 2010, more than 50% of the total population hired for the MA program was a part of
'Impressions' at Citi.
'Impressions' - The Internship Program at Citibank
Here is what some of the interns, who just completed their internship with Citi have to say about 'Impressions':
these become obvious for Citibank to be. And not just
increased visibility in these places but also the ability to
offer relevant products, services and timely reminders of
the additional value Citibank offers to our customers. This
includes integrating physical presence with Internet and
mobile to bring the customer value where he least expects
it, but will be most thrilled by it," added Vijay.
In spite of only one physical branch in Gurgaon, Citibank's
impact has been multiplied a thousand fold with 30 new-
look ATMs, shopping discounts at over 130 merchants, If you speak with any employee from Citi you will no Gourmet Pleasures at 100 fine dining outlets, 180 media doubt hear the phrase 'building perceptual scale'. It's screens at prime locations, credit card offers at five Indian one of the most talked about phrase in Citi today. It is Oil petrol stations, and six airport terminal ATMs!more than an advertising or marketing campaign. It's all
about spreading awareness around Citi being bigger,
stronger and more omnipresent than just the branches
and ATMs we have in each country - the whole is
greater than the sum of its parts. And if you happen to
be in Gurgaon, India, you will see Citi building
perceptual scale in this city.
"We started by mapping out the life of an affluent
customer completely", explained Vijay Ramchandran,
Chief Marketing Officer, South Asia. "From where he
lives to where he works, eats, shops and hangs out -
Citi @ Campus5
Jonathan Larsen inaugurating a new ATM at a
corporate park in Gurgaon
Citi's blue wave at a mall in Gurgaon
Citi - Larger than Life
Citi @ Campus6
Senior AppointmentsAssociate. A highly experienced Citibanker,
ahul Soota has been appointed Head of Rahul has worked in Financial Control,
RRetail & Commercial Banking. Personal Loans, Mortgages and Business
In this role, Rahul will be responsible for Citi's Lending. Some of the key assignments Soota
Branch Banking and Citigold Wealth has held during his nearly 20 years at Citi are
Management, Mortgages and Suvidha Head of Mortgages and Head of Retail Bank.
businesses. He will also lead Citi's Prior to being named Head of Retail &
Commercial Banking business spanning the Commercial Bank, Soota was Managing
Business and Professional, Small and Mid Director of Citifinancial where he led a
Market Enterprise segments. comprehensive two-year long remodeling
and repositioning exercise helping diversify its sources of
Rahul Soota joined the Bank in 1992 upon completion of revenue across Personal Loans, Mortgages and Wealth
his articleship at Pricewaterhouse as a Management Management.
Rahul Soota
During his tenure, he was responsible for meeting the
ahul Shukla has been
Global Banking needs of TMT clients in Asia Pacific
Rappointed as head of
region, including originating and executing several
Corporate Banking for Citi
marquee M&A and capital market deals.
in India, leading the team that manages the diverse
Rahul Shukla joined Citi in 1991 as a Management
financing needs of Citi's key
Associate from IIM Bangalore and over the last 19
corporate clients in India.
years has gained significant experience in Global
Banking by working in South East Asia Investment
He has extensive experience working with clients in
Banking in Singapore and the TMT group in Hong Kong.
Asia. Before this, Rahul was head of Telecom, Media
& Technology (TMT) for the Asia Pacific region.
Senior Appointments
Rahul Shukla