October 22, 2016 4:22 PM ET

Capital Markets

Company Overview of Citigroup Global Markets Holdings Inc.

Company Overview

Citigroup Global Markets Holdings Inc., through its subsidiaries, provides investment banking and securities brokerage services worldwide. The company offers a range of products and services, including fixed income, equity sales and trading, foreign exchange, prime brokerage, equity and fixed income research, investment banking and advisory, private banking, cash management, trade finance, and securities services. It serves corporate, institutional, public sector, and high-net-worth clients. The company was formerly known as Salomon Smith Barney Holdings Inc. and changed its name to Citigroup Global Markets Holdings Inc. in April 2003. The company was founded in 1960 and is based in New York...

388 Greenwich Street

New York, NY 10013

United States

Founded in 1960



Key Executives for Citigroup Global Markets Holdings Inc.

Chairman and Chief Executive Officer
Age: 53
Chief Financial Officer
Co-Head of European Financial Institutions Business - Citigroup
Age: 73
Global Head of Rates Sales
Principal Accounting Officer
Compensation as of Fiscal Year 2016.

Citigroup Global Markets Holdings Inc. Key Developments

Salomon to Open European Store in Romania

Salomon announced that it will open its European store in Romania's capital Bucharest on October 31, 2016. The new 'Proshop' store will be Salomon's sixth in Romania and will allow professionals and sports amateurs to test and customise sports gear such as treadmills, high-speed cameras, and analysis monitor for walking and running.

Citi Launches C-Tracks ETNs on the Miller/Howard MLP Fundamental Index, Series B

Citigroup Global Markets Holdings Inc. announced the launch of a new C-Tracks exchange-traded note, the C-Tracks ETNs on the Miller/Howard MLP Fundamental Index, Series B, due July 13, 2026 (MLPE C-Tracks). All payments due on the MLPE C-Tracks are guaranteed by Citigroup Inc. The MLPE C-Tracks will be listed on the NYSE Arca under the symbol “MLPE” and will begin trading on August 9, 2016. The MLPE C-Tracks are linked to the Miller/Howard MLP Fundamental Index, which is the same index underlying Citigroup Inc.’s previously issued and outstanding C-Tracks Exchange-Traded Notes Based on the Performance of the Miller/Howard Fundamental Index Due September 28, 2023 (MLPC C-Tracks). The MLPE C-Tracks have similar terms and are designed to provide similar economic exposure as the MLPC C-Tracks. However, the MLPE C-Tracks are not fungible with the MLPC C-Tracks and differ from the MLPC C-Tracks in a number of important ways, as disclosed in more detail in the pricing supplements for the MLPE C-Tracks and the MLPC C-Tracks. The concurrent trading of two series of C-Tracks providing similar economic exposure may have the effect of dividing liquidity and demand between the two series, thereby decreasing the liquidity and demand for either or both series that otherwise would have existed if only a single series were traded. Citigroup cannot predict whether liquidity and demand will be concentrated in one series or the other or what the level of liquidity and demand for either series will be in the future. Any decreased liquidity and demand for either series could cause the trading price of that series to diverge from its closing or intraday indicative value and to be less than it would be in the absence of the other series.

Sears To Explore Alternatives For Two Businesses

Sears Holdings Corporation (NasdaqGS:SHLD) will look for alternatives for the Sears Home Services business and the unit that houses the Kenmore appliance, Craftsman tools and DieHard, KCD IP, LLC. The company said in a filing, "Accordingly, our Board of Directors has decided to explore alternatives for KCD (Kenmore®, Craftsman® and DieHard®) and SHS (Sears Home Services). Our iconic KCD brands are beloved by the American consumer and we believe that we can realize significant growth by further expanding the presence of these brands outside of Sears and Kmart. Similarly, our SHS business, which is the nation’s leading provider of in-home services (Protection Agreements, Parts Direct, Delivery/Installation/Repair and Home Improvement), has greater potential than what we have delivered in the past." LionTree Advisors, LLC and Citigroup Global Markets Holdings Inc. have been hired to advise it on the search for alternatives for its appliance and tools brands and its home-services business.

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