Bank Shines at Annual mtn-i Awards Gala
The award was given in part for Citi’s diversified solutions in the local Mexican pesos and Brazilian reals. The Bank is also in a unique position as the only international (non-local) bank with two derivatives platforms: COE for structured investments and CitiFirst Funds for structured funds.
“We are extremely pleased to be recognized for our innovation and ability to offer highly competitive structured investments in Latin America and across the globe,” said Nicholas Parcharidis, Co-Head of Citi Private Client Solutions Americas. “As the market evolves and investment trends shift, we will continue to adapt to change. These accolades are a testament to Citi’s commitment to its clients.”
Citi also won two Deal of the Year awards. USD20m CMS Reverse Convertible Notes, which allowed clients to sell low-strike options to monetize the richness of the skew in a note format. The second award, USD4m Infrastructure Stock Basket-Linked Notes due 2020. The distinguished element on this transaction allotted access to the potential infrastructure boom in the U.S. with partial downside risk.
“As we grow our business across asset classes, Latin America remains a pivotal hub for our structured products business,” said Carlos Martin, Head of LatAm Sales and Structured Investments. “We thank our clients for their ongoing support and look forward to bringing further innovation to the marketplace.”
The awards were presented to Citi by mtn-i, a London-based global provider of market information for global structured notes, private placements and MTN market coverage.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.