Citi has had a presence in Spain since 1919 and was one of the first foreign banks to establish an office in the country. In 1983, Citi acquired Banco de Levante (Citibank España, sold to Banco Popular in 2014). Salomon Brothers opened its first office in Madrid in 1988, and Schroders established its Spanish headquarters in Madrid in 1990. In 1997, Smith Barney merged with Salomon Inc. to form Salomon Smith Barney. Citi merged Salomon Smith Barney with Schroders Plc in 2000, creating a leading pan-European investment bank. The Barcelona Service Centre opened in 1999 to provide operational support as well as sales services to Citi's consumer businesses across several European countries in different languages.
We have always had a firm commitment to Spain and proudly serve our local communities every day. We are a preferred financial partner for Spanish and global institutions. We are a leading provider in investment banking, capital markets, transactional services and private banking businesses.
Institutional Clients Group. Our ICG business has among the highest-qualified professionals serving the most important Spanish corporations as well as foreign multinationals in Spain. Citi's Institutional Clients Group builds enduring relationships with clients by providing a full suite of strategic advisory and financing products to multinational and local corporations, financial and public sector institutions, and many of the Spanish most successful and influential individuals and families.