Citi Gathers Experts and Leaders to Debate the Oil and Gas Sector in Brazil

With the accelerated growth of the Oil and Gas sector in the country, specialists seek to identify opportunities and challenges, as well as address ways to optimize the operational efficiency of companies in the industry who want to better position themselves for growth

Rio de Janeiro, Brazil - May 18, 2011 – On Tuesday, May 17, Citi hosted Energy Day in Brazil, an event that gathered, at Sofitel Hotel (Av. Atlântica, 4.240, Copacabana, Rio de Janeiro), the major oil companies, representatives from the public sector, entrepreneurs, specialists and executives from the bank to debate the latest trends and the dynamics of the Oil and Gas sector in the country. The event is part of the "Citi Industry Events" series, promoted by the bank in several countries. Besides Brazil, the Energy edition has already been held in Colombia, on April 13, and will take place in Peru on May 19.

Speakers included Michael Roberts, Head of Global Corporate Banking and Capital Management at Citigroup, Stephen Trauber, Global Head of Energy, and Francisco Aristeguieta, Global Transaction Services Latin America and Mexico Region Head. The agenda included sessions on topics such as "Pre-salt reserves - Opportunities and Challenges in the Oil and Gas sector in Brazil"; "The global Oil and Gas industry - A perspective"; "Expanding boundaries - Selecting a Banking Partner"; among others.

The objective of the meeting was to identify the main challenges and opportunities in the market, so as to contribute to innovation processes, taking into consideration the accelerated growth of the Oil and Gas industry in the country. "Brazil is a priority in the development of new products by Citi for the different sectors of economy. With the new opportunities that are arising with the pre-salt, and the consequent need for investments in the Energy sector, we are certain that the event will be very helpful for entrepreneurs and the bank’s customers," said Francisco Aristeguieta, Global Transaction Services Latin America and Mexico Region Head.

For Cristiana Pires, head of Global Transaction Services (GTS) of Citi Brazil, "the growth of the Oil and Gas sector in the country increases the need to optimize working capital and transaction processes, areas in which Citi has global expertise."

Global Transaction Services, a division of Citigroup’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients. As of the first quarter of 2011, it held on average $355 billion in liability balances and $13 trillion in assets under custody.

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