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Citigroup is organized into three major business groups - Global Consumer, Corporate and Investment Banking, and Global Wealth Management - in addition to one stand-alone business, Citigroup Alternative Investments.
Below are brief descriptions of the most significant business activities found within each group.
Citigroup Global Consumer Group
The Citigroup Global Consumer businesses comprise the financial service sector's most diverse consumer product offerings, including banking services, credit cards, loans and insurance. Our businesses also offer industry-leading technology, a strong worldwide presence and a powerful global franchise in Citibank. - United States Cards
With nearly 120 million accounts, our United States Cards franchise offers credit and charge cards such as MasterCard®, VISA®, and private label.
- United States Retail Distribution
Retail Distribution business comprises four business: Citibank, CitiFinancial, Primerica Financial Services and Citibank Direct. Citibank provides personal and small business banking products and services, as well as investment services, through our bank branch network; CitiFinancial provides predominantly consumer loan products and services; Primerica Financial Services provides financial products and services through independent representatives; and Citibank Direct, our newest channel, provides bank services through the internet.
Found in more than 100 countries worldwide, Citibank delivers a wide array of banking, lending and investment services to individual consumers, as well as to small businesses with up to $10 million in annual sales. Citibank also offers a full range of financial services products to serve the needs of small and large corporations, governments, and institutional and individual investors.
Citibank Direct, our newest channel, provides bank services through the Internet.
CitiFinancial provides community-based lending services through a strong branch network system. Decisions are made locally by CitiFinancial team members who live and work in the locations they serve. CitiFinancial?s consumer loan services include real estate-secured loans, unsecured and partially secured personal loans, and loans to finance consumer goods.
Primerica Financial Services provides products and services through independent representatives. Primerica has more than 100,000 licensed representatives who serve more than 6 million clients in the U.S., Canada, Puerto Rico, Spain and the UK. Through a Financial Needs Analysis, Primerica representatives provide a snapshot of a family?s financial picture and suggest a strategy for financial security via Primerica?s products and services. Primerica?s business opportunity is attractive to people from many different backgrounds, including women, African-Americans, Hispanics and young adults.
- United States Consumer Lending
United States Consumer Lending provides consumer loans through various distribution channels.
Loan products are grouped into three categories: - Real Estate Lending - Provides mortgage and home equity lending. Loans are originated directly with consumers via the telephone, internet, corporations, Smith Barney, Citibank branches and Primerica agents, and indirectly through mortgage brokers, banks and mortgage companies. CitiMortgage and My Home Equity
- Student Loans - Provides educational loans to students that are typically sourced through financial aid offices at educational institutions. Also provides government loan origination and servicing capabilities to student loan providers, including academic and financial institutions. The Student Loan Corporation
- Auto - Provides automobile financing through franchised and independent auto dealers, auto manufacturers, and the internet.
- Commercial Business Group
The Commercial Business Group provides leasing, banking and real estate products and services to small and medium-sized enterprises across a broad range of industries.
- International Cards
Our International Cards operation offers an array of cards products to 20.9 million accounts in 42 countries outside of the United States.
- International Consumer Finance
Consumer finance and community-based lending services in 20 countries outside the United States, operating under a number of brands around the world.
- International Retail Banking
Citibank offers a wide spectrum of market-leading financial products and services, tailored to meet the needs of local customers, in 40 countries around the world.
- Women & Co.
Women and Company was created to address the unique financial needs of women. It offers personal attention and special savings on products and services suited to meet women's needs. Corporate and Investment Banking
Our Corporate and Investment Banking (CIB) business achieves the extraordinary for our clients around the world. No financial institution is more committed to understanding and advancing the goals of its clients ? our diverse and talented staff in approximately 100 countries advise companies, governments, and institutional investors on the best way to realize their strategic objectives. We create solutions for and provide the broadest possible capital and market access to thousands of issuer and investor clients, and no institution better executes the increasingly complex payment and cash management solutions required in today's global economy. - Global Banking
Global Banking provides comprehensive, tailored and unique solutions to top corporations, financial institutions and governments worldwide, offering strategic and financial advisory services including acquisitions, mergers, divestitures, financial restructurings, loans, foreign exchange, cash management, and structuring, underwriting and distributing equity, debt, and derivative securities.
- Global Capital Markets
Global Capital Markets provides world-class global capabilities for corporate, institutional and retail investors through our dominant equity and debt sales and trading platforms, industry-leading research, top-tier institutional distribution capabilities, and access to the second-largest retail brokerage network in the U.S. We are a global leader in underwriting, structuring, and sales and trading across all asset classes, including equities, corporate bonds, government and agency bonds, asset-backed and mortgage-backed securities, syndicated loans, structured and futures products.
- Transaction Services
Transaction Services provides cash management, treasury, trade finance, custody, clearing, depository receipt, agency trust services, and fund services to financial institutions, corporations, and governments that have assets and business in multiple countries and require integrated reporting and management. Global Wealth Management
The Global Wealth Management division at Citigroup comprises three of the most respected brands in wealth management: The Citigroup Private Bank, Smith Barney and Citigroup Investment Research. Global Wealth Management is a top-tier global wealth manager providing some of the best institutional capabilities available today. Serving both private and institutional clients, Global Wealth Management taps the strength and resources of Citigroup to maximize value and service. - The Citigroup Private Bank
The Citigroup Private Bank, one of the largest private banking businesses in the world, provides the wealth creators in today's global economy with a full range of finance, banking, investment, trust and advisory services through its nearly 470 private bankers and 290 product specialists in more than 30 countries. Our clients rely on us for comprehensive solutions, including access to capital, sophisticated investment strategies and liquidity management, as well as expertise from the Global Corporate and Investment Bank. Citigroup Private Bankers act as trusted advisors, designing and coordinating insightful solutions for individual client needs, with an emphasis on personalized, confidential service.
- Smith Barney
Smith Barney is the global private wealth management unit of Citigroup. It is a leading provider of comprehensive financial planning and advisory services to high net worth investors, institutions, corporations and private businesses, governments and foundations. With approximately 13,000 financial advisors in over 600 offices, Smith Barney offers a full suite of investment services, including asset allocation, private investments and lending services, hedge funds, cash and portfolio management, as well as retirement, education and estate planning. A division of Citigroup Global Capital Markets Inc., the firm currently has more than 8.9 million client accounts, representing $1.227 trillion in client assets.
- Citigroup Investment Research
Citigroup Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citigroup Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citigroup's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Citigroup Alternative Investments
Citigroup Alternative Investments delivers a broad offering of alternative investments, including hedge funds, credit structures, private equity, real estate, and other private placement and special investment opportunities.
As of October 2006 | |
