Citi has won the award for best commodity derivatives house from Energy Risk, the highly-respected commodities publication. The Energy Risk Awards celebrate excellence across the global commodity and energy markets and are determined by a judging panel consisting of the Energy Risk editorial team and external industry experts.
“We are delighted and honoured to have been recognised by Energy Risk with this award. It underlines the progress that Citi has made in the last several years in building a commodities business that is not only an industry leader but also the right business for Citi in the new regulatory environment,” said global head of commodities Stuart Staley.
The awards were made on the basis of performance over 2013 and the early part of 2014, with a special emphasis placed on client feedback. Every short-listed firm, chosen from an extensive list of contenders, participated with Energy Risk in a detailed discussion on its business that was backed up by information supplied by clients and other leading industry players.
“Since the financial crisis, Citi’s bold expansion in commodities has turned heads among many of its closest rivals. This endeavour is delivering real results when it comes to energy and commodity derivatives – something demonstrated by the high praise Citi won from clients who spoke to Energy Risk,” said Mark Pengelly, London-based editor of Energy Risk.
Details of all the award winners, including a Q&A with Citi commodities head Stuart Staley, will appear in the June edition of Energy Risk.