2023 Vault Rankings
At a Glance
“International mobility opportunities and working on impactful deals”
“Culture of collaboration”
“Hours can get long and it is tough to maintain work/life balance as a junior employee”
“Rigid hierarchical structure”
“Older institution that sometimes moves slowly”
“Name keeps popping up in M&A deals”
“Improved its position in investment banking”
About Citi Institutional Clients Group
Citi’s Institutional Clients Group, the investment banking arm of global financial services company Citigroup Inc., offers a full range of strategic advisory and financing products, services and solutions to multinational and local corporations, financial institutions, governments, privately held businesses, and many of the world’s most influential individuals and families. It is divided into five main groups: Capital Markets Origination, Corporate and Investment Banking, Markets and Securities Services, Treasury and Trade Solutions, and the Citi Private Bank.
With a history dating back to 1812, parent Citigroup Inc. (since rebranded “Citi”) had been revered as the world’s largest banking and financial services group. The financial crisis created challenges for Citi, as it did for many companies, but the firm has emerged a simpler, safer, smaller, and stronger bank. Citi has bolstered its capital ratios and is now one of the best capitalized banks in the world. It completed more than 60 divestitures of non-core businesses and today employs approximately 204,000 people.
Citi is led by Michael Corbat, a 30-plus-year veteran of the firm, who prior to becoming CEO in 2012 was chief executive of Citi’s Europe, Middle East, and Africa operations. The CEO of the firm's Institutional Clients Group is Paco Ybarra. Before becoming CEO in 2019, Ybarra was Citi's global head of markets and securities services.
388 Greenwich Street
New York, NY 10013
Employer Type: Business Segment
CEO, Citi Institutional Clients Group: Paco Ybarra
2020 Employees (All Locations): 204,000
Los Angeles, CA
San Francisco, CA
Palo Alto, CA
New York, NY