Citi Commodities

Anyone have any info on Citi commodities? They do OCR at my school and a lot of people I know have accepted offers from their commodity S&T desk in Houston. What is their reputation? Is their commodity desk a dying business like at most other firms? Or are they one of the few strong players left like GS?

Thanks in advance.

Comments (17)

Aug 12, 2015

Bump

Aug 17, 2015

Bump

Aug 18, 2015

One of the few banks who want to grow in this space. This article is a little dated, but my firm has expanded our credit lines with them over the last year as well and do a little more trading than when I first started with them.

http://www.institutionalinvestor.com/article/33978...

Aug 18, 2015

they have a strong team in NA, not sure about far east. Some good leadership

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Aug 18, 2015
monty09:

they have a strong team in NA, not sure about far east. Some good leadership

Could you explain the acronym NA?

I was wondering if you might have any insights in particular on the strengths of their precious metals and crude business.

Thanks..

Aug 18, 2015

North America

Aug 18, 2015

I do not.

Houston is phy and fin power and nat gas

Aug 18, 2015

Basically, all shops that participate in Commodities have stepped up their Physical presence in the market to increase margins. So, find a Bank that has Physical/Financial Sales & Trading operations, you'll find a strong Commodities group. Having a futures desk just doesn't cut it anymore for the bigger firms. Not only do they want to trade oil, metals and agriculture, they want to own the refineries, vessels and processing plants, too!

Aug 18, 2015

Huge physical presence through Phibro

Aug 18, 2015

Thanks for the insights..

Any idea with regards to the strength of their physical and financial precious metals and crude S&T business then?

Aug 18, 2015

Phibro still is pretty big in physical crude and products. Now based in CT. I don't know how big they are in metals these days (you certainly don't hear about them as much as some other companies), but they used to be HUGE back in the day. In fact, before he went out on his own, Marc Rich reported to Ludwig Jesselson as an employee of Philipp Brothers.

Aug 18, 2015

I would like to hear more about this as well. Please share if you have the in site.

Thanks

  • Only time will tell....
Aug 18, 2015

didn't they sell phibro?

Aug 18, 2015
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