![]() The Citi team not only worked closely with corporates to build liquidity before the markets’ volatility spiked but also embedded the bank operationally into many companies. ![]() Citi likes to tout its physical breadth and although new chief executive Jane Fraser is adopting a similar geographical rationalization strategy to the one she implemented when head of the bank’s Latin American operations, the bank’s footprint is still unrivalled.Įduardo Cruz, banking, capital markets and advisory head for Latin America, says the bank’s Asian operations helped Citi prepare clients in other emerging markets for the wave that was about to hit. It’s important work and Jan Metzger, Citi’s banking, capital markets and advisory head for Asia Pacific, says the bank’s physical reach was critical in making it Gavi’s obvious partner. The 27-strong team finds risk mitigation and execution strategies in connection with the Covax facility, including supporting the building of strategies to implement and maintain the facility. That was in November 2020 and Citi is still the financial adviser for Gavi’s Covax Facility, the global procurement mechanism for Covid-19 vaccines. ![]() ![]() When the vaccine alliance Gavi was putting together its team with the World Health Organization and the Coalition for Epidemic Preparedness Innovations, it asked Citi to advise it on the financial aspects of buying and deploying more than two billion vaccines throughout the emerging markets. ![]()
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