Francisco Aristeguieta joined Citi in Venezuela in 1994. Currently, he is the CEO of Citigroup Latin America responsible for all businesses in the 23 countries where Citi is present in this important region. Latin America accounts for 16 percent of the Global Net Income of Citigroup, employing 30,000 people around the region. Before this role, he served as Citi Transaction Services (CTS) Head for Latin America & Mexico, managing our Institutional Client Group's (ICG) core product set: Cash Management, Trade, Custody, Corresponding Banking and Export Agency Finance. He was a member of the Banco Nacional de Mexico (Banamex) Executive Committee and of the CTS Global Executive Committee. Prior to that role, Mr. Aristeguieta served as CEO for the Andean Region Cluster of countries and Colombia directly. During that time, he was responsible for all the business in Colombia and the Andean Region Cluster (Venezuela, Colombia, Peru, Ecuador & Bolivia). Prior to this role, Mr. Aristeguieta was the CEO for Citigroup Venezuela and before that, Ecuador. Mr. Aristeguieta reports to Citi CEO Michael Corbat and is a member of the Citigroup Global Executive Committee. He is also Vice Chairman and member of the Board of Directors of Banco de Chile, the largest financial group in Chile. He is a member of the Board of Citigroup Foundation, the Association of American Chambers of Commerce of Latin America, The Americas Society and Council of the Americas. He has been a member of The Young Presidents Organization (YPO) since 2003. In addition, he served on the Board of Directors of Junior Achievement Americas and of several other Boards among them: Banking Association of Ecuador, Colombia and Venezuela; and American Chambers of Commerce of Ecuador, Colombia and Venezuela, and the Consejo de Empresas Americanas of Colombia. He was also Chairman of the Board of Colfondos in Colombia, the third largest pension funds manager in that market. Mr. Aristeguieta joined Citigroup in 1994 as Vice President and Senior Relationship Manager for the Corporate Bank. In 1997, he became Head of the Corporate Bank, Financial Institutions and Public Sector for Citi Venezuela. He was given the SCO (Senior Credit Officer) designation in 2003, Level-II in 2008 and Level-I in 2011, representing the highest risk approval business designation in Citigroup. Before joining Citigroup, Mr. Aristeguieta worked for Vestcor Partners for which he covered debt capital markets for Venezuela, Colombia and Brazil, and, prior to that, for Petroleos de Venezuela's (PDVSA) Project Finance Group. Mr. Aristeguieta holds an M.B.A. from Brunel University in London, England, obtained under a British Council and Petroleos de Venezuela scholarship, a graduate degree in banking and finance and an undergraduate degree in business administration with a major in management both from the Universidad Metropolitana in Caracas, Venezuela. |
About Citigroup, Inc.\
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions, and is one of the best capitalized banks in the world. 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.
About Citigroup, Inc. Latin america
In Latin America, Citi has gained a prominent position in the financial-services industry since 1904, when it started operations in Panama, through the International Banking Corporation. In 1914, Citi opened its first international branch in Buenos Aires, Argentina, also marking the first foreign-established branch of any nationally chartered U.S. bank and, shortly after, opened another in Rio de Janeiro, Brazil. In 2001, Citi's Latin-American franchise grew with the integration of Banamex, Mexico's leading financial institution since 1884.
In fact, Citi has the broadest presence of any financial institution in the region, with operations in 24 countries throughout Latin America. Citi's geographic coverage spans across: Argentina, Bahamas, Barbados, Brazil, Cayman Islands, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Trinidad and Tobago, Uruguay and Venezuela.
Citi operates more than 2,500 retail bank branches and point of sales – including joint ventures – in Latin America, serving more than 31 million retail customers accounts, and maintains a leading position in corporate and investment banking.
In fact, Citi has the broadest presence of any financial institution in the region, with operations in 24 countries throughout Latin America. Citi's geographic coverage spans across: Argentina, Bahamas, Barbados, Brazil, Cayman Islands, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Trinidad and Tobago, Uruguay and Venezuela.
Citi operates more than 2,500 retail bank branches and point of sales – including joint ventures – in Latin America, serving more than 31 million retail customers accounts, and maintains a leading position in corporate and investment banking.
Citi's main business lines in Latin America are:
- Institutional Clients Group (ICG)
Citi's Institutional Clients Group team in Latin America counsels and assists companies to make their vision a reality, thanks to the unique global reach, expertise, teamwork and superior services through its several businesses: Citi Corporate and Investment Banking; Citi Markets; Citi Transaction Services.
Citi's ICG has been recognized with numerous awards, including: Euromoney's Best Global Emerging and Best Investment Bank in the Caribbean; Global Finance's Best Investment Bank, Best Regional Derivatives Provider and Best FX Bank in Latin America. Citi's ICG team played a leading role (bookrunner, joint bookrunner, active bookrunner, underwriter, sole financial advisor, placement agent) in many of the most important transactions during 2012. - Regional Consumer Banking
- Citi's RCB consists of five primary business units — Retail Banking, Citi Branded Cards, Citi Mortgage, Commercial Banking and Retail Services.
- Citi's RCB team serves more than 31 million retail bank clients and approximately 13 million credit card accounts in Latin America, managing more than $45 billion in average deposits and more than $27 billion in average loans.
- Citi Wealth Management
- Provides wealth management solutions to the world's most successful individuals and families.
- Through Citi Wealth Management Latin America (CWMLA) and its divisions (Citi Private Bank, Citigold and International Private Banking), clients have access to banking, investment and lending products and services available at Citi entities.
Citi LatAm is committed to enhancing the social and environmental sustainability of our operations, as well as those of our partners, clients and stakeholders. In addition to supporting the development and implementation of a portfolio of more than 70 strategic social investment projects across 22 markets every year, our team designs and manages regional footprint programs; these range from spearheading the implementation of the Equator Principles by key financial institutions in the region, to a series of initiatives promoting financial inclusion and the generation of responsible income-generating opportunities for those at the base of Latin America's socio-economic pyramid.
Either through regional programs – or by partnering in the execution of country specific initiatives – our work reached more than 200,000 beneficiaries over the past two years, adding to our ongoing efforts of promoting socio-economic empowerment in communities across the region.
We remain excited about the opportunities ahead of us and look forward to supporting our franchises in the identification and engagement of new partners committed to building more resilient and sustainable eco-systems, and are interested in expanding our work in the space of sustainable value chains and mobile digital platforms.
Either through regional programs – or by partnering in the execution of country specific initiatives – our work reached more than 200,000 beneficiaries over the past two years, adding to our ongoing efforts of promoting socio-economic empowerment in communities across the region.
We remain excited about the opportunities ahead of us and look forward to supporting our franchises in the identification and engagement of new partners committed to building more resilient and sustainable eco-systems, and are interested in expanding our work in the space of sustainable value chains and mobile digital platforms.