Saturday, 21 August 2021 02:27

Citi receives ''Best Investment Bank'' Award

Written by Evelyn Alas

In the 30th edition of the Awards for Excellence, the prestigious publication specialized in global financial markets Euromoney recognized Citi Latin America with three regional awards. Citi Latin America was named Best Bank for Financing, Best Bank for Transaction Services and Best Investment Bank in Central America and the Caribbean.

In the 2020-2021 period, Citi was the bank that led the most capital markets transactions in Central America and the Caribbean, more than 80% of them coming from Panama, Guatemala, Honduras, and the Dominican Republic.

On Citi's nomination as Best Investment Bank in Central America and the Caribbean, Euromoney wrote: "It would not be too much of an exaggeration to say that no other investment bank can operate in the Central America and Caribbean region as well as Citi. With its history and presence, the U.S. bank seems to have an absolute stranglehold on deal flow in the region and Citi's investment banking team, led by Caribbean and Central America cluster head Marcelo Gorrini, and has dominated in this award period".

"We are truly honored to be recognized by Euromoney as Best Bank for Financing, Best Bank for Transaction Services and Best Investment Bank in Central America and the Caribbean", said Ernesto Torres Cantú, CEO of Citi Latin America.

"In a year characterized by uncertainty due to the pandemic, Citi's focus on innovation and leadership in executing complex and transformational transactions across the credit spectrum and geographies in Latin America has supported our clients every step of the way. The awards are also recognition of our talent and our people, who continue to set the highest standards in financial services and client experience across the region".

Marcelo Gorrini, cluster director for the Caribbean and Central America, said he was very proud of this great achievement in the region. "The Euromoney Excellence Awards are the most relevant awards in the banking world. To be recognized as the best investment bank in the region fills us with great pride and encourages us to continue working with all our employees, who are undoubtedly important parts of this recognition, to be better every year".

The Euromoney Excellence Awards date back to 1992 and were the first to rank the global banking industry. The awards include more than 50 regional awards and recognitions for best bank in 100 countries.