London – Citi was named "Bank of the Year" by International Financing Review (IFR) magazine. The IFR awards are regarded as one of the most coveted recognitions in the banking and capital markets industry.
"Building on its globe-spanning corporate bank and a reorganization that combined that unit with investment banking and capital markets, Citigroup made meaningful progress in 2019," said Matthew Davies, editor of IFR.
IFR praised that Citi moved up league tables, increased market and wallet share and added "a host of star bankers" to its ranks.
Citi CEO Michael Corbat said: "Citi today benefits from our unmatched global platform and a clear strategy of delivering consistent, client-led growth. We are honored to receive this recognition from IFR, which is a testament to both our strong performance over the last 12 months and our commitment to being the most important and trusted banking partner for our clients."
Globally, Citi was also awarded "Equity Derivatives House," "Bank for Governments" and "Emerging Markets Bond House."
Additionally, Citi won the following regional awards:
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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