Citi boasts the largest presence of any foreign financial institution in Israel, and offers corporate and investment banking services to leading Israeli corporations and institutions and global corporations operating in Israel. Citi also offers private banking services to high-net-worth individuals living in Israel.
Citi has demonstrated its leadership and commitment to Israel for many years, initially offering investment banking services (formerly Salomon Smith Barney). In 1996 Citi established a representative office and in July 2000 became the first foreign bank in Israel to obtain a full banking license and to offer a full range of client services. Citi continues to expand its activities in the local market, introducing world-class products and customized solutions to meet its client's needs.
Citi offers a wide range of corporate banking products and services to Israel's leading companies, financial institutions and public sector organizations, in addition to global companies active in the Israeli market. These services include:
- Cash management solutions to support clients streamlining their business processes, realizing greater operational efficiencies and managing working capital more effectively
- Import, export and trade finance solutions
- A full-service trading room, providing its clients with direct access to foreign exchange, fixed income, credit and currency markets and various derivative solutions
- Corporate finance solutions such as acquisition finance, export credit agency finance, project finance, securitization and asset finance
- Custody and clearing services for international investors
- Fund services for provident and pension fund managers
The Investment Bank is a leading underwriter for Israeli companies seeking to access the global equity and debt markets, as well as a leader in mergers and acquisitions advisory. Israeli entities have greatly benefited from Citi's ability to channel its significant global expertise across a broad range of products and services in key industry segments including technology, consumer, healthcare, energy, real estate, chemicals, financial services, telecom and other. The institutionalization of Israeli client relationships across Citi enables clients to benefit from valuable introductions to leading global opportunities, world class execution and advice.
Selected landmark transactions led by Citi in Israel include: international bond offerings for the Tamar gas field Partnerships, B Communications, Israel Chemicals, Teva, the State of Israel and the Israel Electric Corporation; equity offerings for Mobileye, Israel Discount Bank, Protalix, Gazit Globe, Delek US, Cellcom, Bezeq and Bank Hapoalim; M&A advisory services to Kardan N.V., Eden Springs, Taro, Verint, Fundtech and Israel Chemicals; advising Brightfood on the acquisition of a majority stake in Tnuva; Margin loans and collar financing to multiple investment groups, industrial and real estate companies including to IDB Group and Alony Hetz; infrastructure financing to Tamar gas project.
Markets and Securities Services
Citi Israel has the largest markets division of all foreign banks in Israel. Citi is a primary dealer for Israeli government bonds, a licensed market maker for Shekel currency trading and trades all Shekel derivative products.
It is the natural home for international funds who wish to trade Shekel related products due to Citi's custody offerings and its ability to source liquidity from both large local corporate and institutional clients as well as other international players.
Citi offers its local clients a fully-fledged suit of products to service their needs including currency, fixed income, equity and commodities and their derivatives.
Citi Private Bank (CPB) offers its ultra-high-net-worth customers account services at its various branches overseas, including London, Geneva and New York. CPB specializes in international investments. Qualified clients are offered participation in co-investments in hedge funds, private equity funds and other specific transactions around the world. The bank also provides direct access to global trading rooms for clients active in equity, foreign currency trading, derivatives and structured products. Other services include trust administration, management of art collections and credit services for business and personal purposes, such as acquiring planes, art and real estate abroad.
Innovation Lab TLV
Citi's Technology Innovation Lab was established after identifying the potential of merging Citi's well established position in the global financial markets with Israel's innovative, entrepreneurial and fast paced culture. The lab is supported by the Israeli Ministry of Finance and the Chief Scientist. The main objective of this newly founded unit is to understand and define new needs and opportunities in the financial arena and provide cutting edge tools for the financial markets. Currently, the lab focuses on mobile, security, risk engines, data intelligence (DI) and automatic trading. Those innovations are essential in maintaining Citi's dominant position as a global leader in the ever evolving and changing financial markets and provide Citi leverage in a modern and technology oriented environment.
In 2013, Citi expanded its activities within the local community to include an accelerator program for Israeli startups specializing in financial technologies (Fintech). The program is geared towards understanding the needs of global financial institutions and the financial industries market. The program is open to companies at any stage and in all fields of Fintech. The Accelerator further holds regular Meetups hosting financial and business leaders that are open to all.
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