Credit derivatives house of the year: Citi

Citi has become a provider of risk-recycling services to the Street’s bad banks, while leading the market in the creation of new – and more robust – structured credit assets

Paco Ybarra, Citi

Of the big US banks that survived the financial crisis, Citi was in the worst shape, but went on to make some of the best decisions – not least among them, keeping structured credit trading within the core part of the bank.

"Everyone had to make strategic decisions around what businesses they wanted to be in after the crisis," says Paco Ybarra, global head of markets and securities services at Citi. "We made the early decision to stay committed to structured credit and emerging markets. We have