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Comments (17)

Aug 18, 2015 - 8:36pm

Citi Commodities S&T (Originally Posted: 06/02/2009)

I'd like to get some views on how the Street ranks Citi commodities S&T (well, besides the fact they aren't in the leagues of the GS/MS). If possible, do furnish views on Citi's commodities business on a global scale (in particular, in asia and the emerging markets).

Also, what products within commodities are they particularly strong at? Would appreciate the insights of anyone who has worked with Citi's commodities group or know a thing or two about their business...

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Aug 18, 2015 - 8:38pm
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 - 8:39pm

North America

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
Aug 18, 2015 - 8:41pm

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 - 8:44pm

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 - 8:45pm

Citi Commodity S&T (Originally Posted: 01/15/2011)

Could someone clarify if Citi's commodities business in Houston are mainly paper trading? Strangths/Weaknesses? Also, which groups within Citi's commodities business are they particularly strong at?

Thanks!

Disclaimer for the Kids: Any forward-looking statements are solely for informational purposes and cannot be taken as investment advice. Consult your moms before deciding where to invest.
Aug 18, 2015 - 8:46pm

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 - 8:47pm

Commodities at Citi? (Originally Posted: 10/02/2013)

Can anybody speak to the depth and breadth of operations (and working conditions) at Citi's Commodities arm? It seems unique in that it is its own entity, as opposed to a subcomponent of FICC- do they have a wider variety of activities (EG physical as well as paper trading)?

I've also read a couple articles in Financial Times where sr managers claim they are positioning themselves to gain from other banks leaving the commodities space. Any validity to this?

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