Asia Oil & Natural Gas House of the Year: Citi
Citi has worked hard to rebuild its oil business and is one of very few banks that remain active in physical LNG
In recent years, Citi has worked hard to expand the reach of its Asian commodity franchise – an effort that has paid off particularly well in hydrocarbons. “In 2009, our platform was really very generic. We were able to look at structuring around commodity pricing, but we didn’t have many commodity experts working for us and so we weren’t able to target the specialised commodity customers in the region. That’s what we wanted to change – and that’s what we have now done,” says Rob Bayley, the
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