Institutional Businesses

Through Citi's network of more than 100 countries, Citi's Institutional Clients Group helps multinational companies grow, hire, and deliver products and services. Citi also provides financing and support to governments at all levels to help them not only conduct day-to-day operations but also to build sustainable infrastructure, housing, transportation, schools and other vital public works for the future.

Our geographic breadth and product depth help provide institutional investors access to global and local markets. Over the past two centuries, Citi has financed some of the world's most transformative projects, and every day — through lending, cash management, advisory services and much more — we continue to support innovation and growth around the globe.

With trading floors in more than 80 countries, clearing and custody networks in over 60 countries and connections with 400 clearing systems, Citi maintains one of the largest global financial infrastructures and facilitates, on average, over $3 trillion of flows daily. This is what enables Citi to serve its core clients with distinction.

CAPITAL MARKETS ORIGINATION

Citi's Capital Markets Origination business is focused on the capital-raising needs of our institutional clients, from inaugural issuances and exchanges to cross-border transactions and first-of-their- kind landmark structures. Owing to our unmatched global footprint and diverse range of financial products, Citi aims to be the first choice among issuers for clients' underwriting needs. Citi's track record of successfully executing in both buoyant and challenging market conditions is a testament to our unwavering commitment to provide the highest quality service to clients. Citi's structuring and execution expertise has established the firm as a leader in the equity capital markets, whether measured by innovation or proceeds raised, and has distinguished Citi as the clear choice for debt underwriting, with excellence across a broad range of currencies and markets.

In 2015, Citi was underwriter for several landmark transactions, including joint bookrunner on First Data Corporation's $2.8 billion initial public offering; joint bookrunner, underwriter and mandated lead arranger on a $34 billion acquisition financing package for Teva Pharmaceutical Industries, the second largest loan globally in 2015; and lead dealer manager for General Electric Company on a $36 billion debt exchange offer, the largest corporate debt exchange in history.

CORPORATE AND INVESTMENT BANKING

Citi's Corporate and Investment Banking franchises provide comprehensive relationship coverage service to ensure the best possible service and responsiveness to clients. With its strong presence in many nations, Citi uses country, sector and product expertise to deliver our global capabilities to clients wherever they choose to compete.

Citi's Corporate and Investment Banking client teams are organized by industry and by country. Each team is composed of two parts: Strategic Coverage Officers focus on mergers and acquisitions and equity and related financing solutions, while Corporate Bankers — in partnership with Citi's Capital Markets specialists and with support from the Global Subsidiaries Group — deliver corporate banking and finance services to global, regional and local clients.

In 2015, Citi played an integral role on several transformational transactions, including sole financial advisor to Danaher Corporation on its agreement to acquire Pall Corporation for approximately $13.8 billion; and advisor to GE Capital on the sale of its U.S. Sponsor Finance business to Canada Pension Plan Investment Board for more than $11 billion, the sale of its Healthcare Financial Services U.S. lending business to Capital One for approximately $9 billion, the sale of its European Acquisition Finance business — representing aggregate ending net investment (ENI) of approximately $2.2 billion — to Sumitomo Mitsui Banking Corporation, and the sale of its equipment lending and leasing business in Mexico (representing ENI of approximately $1.1 billion) to Linzor Capital Partners. Citi also served as a financial advisor to Baxter International on the spin-off of its $20 billion biopharmaceuticals business, Baxalta. The spin-off created two separate global health care companies: Baxter, which will focus on lifesaving medical products; and Baxalta, which will focus on developing and marketing innovative biopharmaceuticals.

MARKETS AND SECURITIES SERVICES

Citi's Markets and Securities Services business provides world-class financial products and services as diverse as the needs of the thousands of corporations, institutions, governments and investors that Citi serves. Citi works to enrich the relationships, products and technology that define its market-making presence. The breadth, depth and strength of Citi's sales and trading, distribution and research capabilities span a broad range of asset classes, currencies, sectors and products, including equities, commodities, credit, futures, foreign exchange (FX), emerging markets, G10 rates, municipals, prime finance and securitized markets. Our Investor Services and Direct Custody and Clearing businesses provide customized solutions that support the diverse investment and transaction strategies of investors and intermediaries worldwide.

The Citi VelocitySM platform delivers electronic access to Citi's global footprint and real-time information, giving clients unprecedented access to capital markets intelligence and services across all product lines. Through web, mobile and trading applications, clients can find Citi research, commentary, and proprietary data and analytics; execute fast, seamless and stable foreign exchange and rates trades; and utilize Citi's suite of sophisticated, post-trade analysis tools.

PRIVATE BANKING

Citi operates one of the world's leading global private banks, whose teamwork, commitment to service, and ability to see and seize opportunities for clients set it apart. Our 800 private bankers and product specialists, located in 51 offices in 16 countries, act as trusted advisors to many of the world's most successful and influential individuals and families.

Citi's comprehensive services are tailored to individuals and families, including entrepreneurs and business owners, single- and multi-family offices, senior corporate executives, next-generation/inherited wealth, law firms and attorneys. Through banking and cash management to lending, investment strategies, and trust and wealth advisory services, Citi's goal is to deliver expertise and a premier level of service while helping grow, manage and preserve wealth. As Citi partners with clients, it can provide global thinking informed by deep local insight and can help deliver the complete financial management strategies that today's wealth requires.

TREASURY AND TRADE SOLUTIONS

Citi's Treasury and Trade Solutions (TTS) business provides integrated cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. With the industry's most comprehensive suite of digital-enabled platforms, tools and analytics, TTS leads the way in delivering innovative and tailored solutions to our clients. Offerings include payments, receivables, liquidity management and investment services, working capital solutions, commercial card programs and trade finance.

Based on the belief that client experience is the driver of sustainable differentiation, TTS has focused its efforts on transforming its business to deliver a seamless, end-to-end client experience through the development of its capabilities, client advocacy, network management and service delivery across the entire organization. New client mandates cemented Citi's position as leading provider for multinational corporations seeking full-scale regional cash management solutions across regions and globally. Shell appointed Citi TTS as its sole bank provider for cash management services across 16 countries in Europe. Samsung Electronics selected Citi to implement a global renminbi (RMB) netting solution, conducting the world's first intercompany cross-border netting transaction using RMB.

Following the successful launch of the same service in the U.S., Citi® Payment Exchange was introduced in Canada. Payment Exchange is an integrated and highly flexible institutional payment-processing solution used in making payments to suppliers and third parties.

In strong validation of the strength of its value proposition, CitiDirect BE® and CitiConnect®, TTS' digital banking channels that support over half a million active users in 26 languages, were recognized with industry awards. These included the 2015 Celent Model Bank award for innovation, effective use of technology and integration excellence for the CitiConnect ERP Integrator and the prestigious Best Mobile Service or App for Enterprise by Mobile World Congress for CitiDirect BE Mobile. Citi was the first bank to win in a category dominated by FinTechs.

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