The Executive Leadership Council (ELC)’s Post

Discover the seamless synergy between Veem and Citi in our latest video collaboration. Witness how our partnership is revolutionizing cross-border payments for businesses worldwide. Watch now for a glimpse into the future of global transactions! #Citi #Veem #GlobalPayments

Today, as we celebrate #InternationalClientsDay and the spirit of collaboration and partnership, we are thrilled to share Citibank's success story—one that exemplifies the power of innovative IT nearshoring. 📍 Regardless of your organization's size or industry, leveraging our expertise can lead to transformative outcomes. Whether facing similar challenges or aiming for optimization, Kibernum is here to guide you toward success. 🤝 Learn more: https://lnkd.in/gAjXrUN7

Citi #DEI #Diversity #lifeatciti #citiemployees #CitiDiversity #EmpowerChange I do have to say that Citi is the most diverse place I have worked at. They truly embody diversity in every form. We have people from all different parts of the globe at all different levels at the firm. Opportunities are not limited because of location or first language. It is inspiring to see people who look like one, has accent like one in senior leadership positions because that tells us that race, color, sexual orientation, location nothing is in the way if you have the skill set and talent. In this environment, it is actually difficult to feel sorry for oneself and say that I cannot do something because of any external factors...the field is open and sky is the limit if one has passion and talent. Whilst other companies are just getting on with DEI program, Citi is way ahead showing how it is done in a meaningful and truly impactful manner.

Day 29 | #ReasonsToJoinCiti 29 At Citi, we are committed to creating solutions that are simple, creative, and responsible. In today’s fast-paced world, simplicity is key. At Citi we strive to develop straightforward solutions that make banking easier for our clients. Our goal is to streamline experiences and provide clarity, ensuring that our services are accessible and user-friendly. #Creativity drives #innovation. We leverage cutting-edge #technology and out-of-the-box thinking to create unique #solutions that address the evolving needs of our customers. Responsibility is at the core of everything we do. We are dedicated to #ethical practices, #sustainability, and making a positive impact on our #communities. Our solutions are designed with a long-term perspective, ensuring they are beneficial not just for today, but for future generations. Together, these principles guide us in delivering exceptional service and making a difference. Proud to be part of a team that values #simplicity, #creativity, and #responsibility! #LifeAtCiti #CitiCareers #CitiProud #BeTheBestForOurClients #Belongingness #CustomerFocus

This is a good video on the current state of international banking and capital markets.

There is a big #financialinclusion lesson for bankers in emerging markets in the decades of challenges that Deutsche Bank is facing in its German #Retail and #SME finance - and by extension its global ambitions.   Founded in 1870 in Berlin, Deutsche Bank for more than 130 years has been at the top of the league table of financial institutions in Germany. By 1980 DB even was ranked 5th largest bank, globally – just 15% below No. 1. Now merely at rank 22, DB lags 4 French banking groups, 2 UK-based ones and 1 from Spain.   What happened? Or rather: what did not happen? Deutsche Bank – and by extension all of the large private sector commercial banks in Germany – missed the boat on #inclusivefinance.   Partly by strategic choice, partly by neglect and in big part by the dynamism and client loyalty of their more inclusive competitors, Germany’s large banks ended up niche players on their home turf. Public savings banks and cooperatives had emerged throughout the 19th century. Their mission was to cater to those the banks couldn’t bother to serve: low-income urban households, artisans, #smallbusiness, #farmers , #women and the #young. While Deutschbankers and their peers preferred to wine & dine, wheel & deal with the glamourous clients, those they would not even consider their equal financiers collected savings and lent on reputation not just collateral, they pooled clients and created access to markets and technologies.   And grew. And grew. And grew. And merged. And formed apex institutions. And professionalized. And learned the ropes of high finance. And internationalized. And digitized. And earned and kept the loyalty of their clients who grew with them.   Today, the former small fry of inclusive financiers are the backbone of German finance. Mittelstand company owners can use their Luxembourg and Swiss wealth management services, invest in their mutual funds, get trade finance from their Singapore branches or have them as joint book-runners for security issuances in London and New York.   The most Deutsche Bank could do was buy its way to some 15% of the market. Some 2/3 of German Retail and SME Finance are blocked off by the coops and the savings banks.   So, if you’re a bank CEO with ambition today in #Nigeria or #Indonesia, in #Colombia or #Pakistan, in #Morocco, #Egypt or #Peru – no need to ask McK what to do. Just think of Deutsche Bank – and what kind of growth story you want to set the course for. And then, let's have a conversation. :)

It is my 6th #WorkAnniversary month at Citi and basis my experience and observation – I am sharing with you one reason to join Citi every day. Day 8, Reason 8 –. Citi also known as Citigroup, has a rich #History dating back to early 19th century. Here are some key milestones in Citi's history: -) 1812 - Citi 's predecessor, the City Bank of New York, was established on June 16, 1812, by a group of New York merchants to provide banking services to the city's growing population. -) 1863 - The National Banking Act of 1863 was passed, leading to the formation of National City Bank of New York, which became the largest bank in the United States at the time. -) 1894 - National City Bank was one of the first banks to establish a foreign department, facilitating international trade and finance. -) 1919 - National City Bank expanded its operations globally by opening its first foreign branch in Buenos Aires, Argentina. -) 1955 - National City Bank changed its name to The First National City Bank of New York, commonly referred to as "First National City" or "Citibank." -) 1976 - Citibank became one of the first banks to introduce automated teller machines (ATMs), revolutionizing the way customers access their funds. -) 1998 - Citicorp and Travelers Group merged to form Citigroup, creating one of the world's largest financial services companies under the leadership of CEO Sanford Weill. -) 2012 - Citigroup celebrated its 200th / bicentennial anniversary, since the founding of its predecessor, the City Bank of New York. -) Present - Today, Citigroup is a leading global bank with a presence in over 160 countries and jurisdictions, offering a wide range of financial products and services to individuals, corporations, governments, and institutions worldwide. Throughout its history, Citi has played a significant role in shaping the #banking industry and facilitating economic growth and development around the world. #ReasonsToJoinCiti #CitiCareers #CitiProud #LifeAtCiti #Belongingness #KnowCitiBetter #HistoryOfCiti

Chief Client Officer David Livingstone discusses his new role and how Citi's reorganization ties our structure to our strategy, enabling us to bring the very best of each of our businesses to our clients. WATCH: #Citi #SkyNews #ClientCentricity

🌟 A New Chapter Begins! 🌟 I'm thrilled to announce a significant milestone in my career as I transition from Digital Financial Services to an exciting new role in Ecosystem and Value Chain Banking KCB Bank Group This isn't just a career shift—it's a bold step into the future of finance. My journey in DFS has been nothing short of transformative, allowing me to be at the forefront of digital innovation and financial inclusion. Now, I'm ready to channel that experience into redefining how value is created, delivered, and sustained across interconnected financial ecosystems. Ecosystem and Value Chain Banking represents a powerful frontier where collaboration meets innovation. It's about crafting holistic solutions that not only meet the needs of today but anticipate the demands of tomorrow. I'm energized by the opportunity to drive meaningful change, fostering partnerships that will shape the future of our industry and create lasting value for our clients. To my incredible colleagues, mentors, and everyone who has been part of this journey—thank you for your unwavering support and inspiration. Your insights and encouragement have been the fuel driving my passion and growth. Here's to embracing new challenges, pushing boundaries, and making a profound impact on the financial world. The best is yet to come! 🚀 #CareerGrowth #EcosystemBanking #ValueChainBanking #DigitalTransformation #FinancialInclusion #Innovation #Leadership #FutureOfFinance

This is the key point to consider on WSJ great article below. For US media is not easy speak about Citi, perhaps because Citi power of lobby has been buying extra time last years, announcing " transformation plans, foreign exits ( blocked and failed until today as Citibanamex Mexico? ), recently " service business " as jewell?? delaying the truth still hidden related to messy regulatory misconducts as recidivist for years??? "That trouble remains top of mind for regulators. Some branches of #government value Citi’s ties to foreign central banks and proximity to the digital pipes that move #money around the world, helping Citi advance foreign policy and police #moneylaundering." "They are #never, ever, getting out of those consent orders,” one former Citi executive said." "Interviews with more than three dozen current and former Citigroup #executives, #board members, #clients, #competitors and #investors reveal that doubters are easy to find. #Regulators and #shareholders want her to accelerate. Some clients think she’s moving too fast, including a top #investment manager that bristledat the abrupt changes to Citi staff and services. There isn’t a day that goes by without Fraser catching grief from one corner or another.The calls for change are relentless" "A firm famed for its ties to foreign central banks that can’t stayout of the Federal Reserve’s doghouse for weaknesses in its internal controls." "...started to separate from Citi’s #Mexican consumer bank, #Banamex, which had been roiled by #fraud allegations in years past..." "#Federal regulators issued the consent orders, decrees that prod banks to address #weaknesses, in October 2020, citing “significant ongoing #deficiencies.” #compliance #moneylaundering #amla #data #riskmanagement #regulatory #fincrime #AML #AMLA #compliance #moneylaundering #amla #data #riskmanagement #regulatory #fincrime #AML #AMLA