Citi Beefs Up U.K. Balance Sheet Structuring

Citigroup is looking to beef up its balance sheet synthetic structuring business in London as part of a global credit structuring reorganization.

  • 09 Mar 2007
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Citigroup is looking to beef up its balance sheet synthetic structuring business in London as part of a global credit structuring reorganization. To this end, Olivier Renault, credit derivatives structurer in London, has turned his focus from structuring general synthetic assets to synthetic loan and balance sheet assets.

Most of Citi's synthetic balance sheet structuring has previously been done out of New York. The balance sheet structuring group--which consists of three in London and four in New York--falls under the synthetic structuring group, headed globally by Fred Chapey in New York.

Citi has a large pipeline of synthetic balance sheet collateralized loan obligations, including emerging market and European synthetic loan deals. It is launching new programs to hedge the firm's USD800 billion balance sheet, reduce concentration risk and provide regulatory capital relief. Citi is also teaming up with other banks to source balance sheet assets and distribute them via synthetic CLO programs.

  • 09 Mar 2007

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%