CIti Consumer & Retail Group Overview

I know there's been some mention about the Citi's Consumer & Retail banking group on here, but no concrete information on this forum. Does anyone have information on the pros/cons of the group, what areas the group covers, size of the group, etc? How is the culture within the group?

While I understand it's not the best industry coverage group at Citi b/c of lots of turnover at the MD ranks during the economic downturn, I've heard the group is still fairly busy. Any comments are greatly appreciated.

Comments (23)

Feb 12, 2011

Btw, this is for lateraling into the group.

Feb 12, 2011

Anyone have any comments?

Feb 13, 2011

At least in London many people from Citi Consumer lateraled to Barclays IBD recently.

Feb 13, 2011

I heard they pitch a lot because they need to rebuild.. similar to UBS / BAML
Other teams aggressively pitch a lot to build e.g. Nomura/Barcap
I would say for IBD its probably better to join GS/MS/JPM/CS/DB to focus on deals rather build/rebuild

Feb 13, 2011

Thanks guys. Did they lose most of their senior people over the past few years?

Feb 13, 2011
ankurwedskomal:

Thanks guys. Did they lose most of their senior people over the past few years?

what office are you referring at?

Feb 13, 2011

the New York office. How large is the group in NYC?

Feb 13, 2011

I've heard C+R is one of their top groups. It is also an interesting group in terms of being able to relate to and understand its clients - very straightforward. I'd imagine decent placement at C+R focused PE.

Feb 13, 2011

agreed. I heard its strong in London!

Feb 13, 2011

Citi's C+R worked on Kraft-Cadbury I think (I was interviewed by someone at Citi C+R who worked on that deal).

Feb 13, 2011
randombetch:

Citi's C+R worked on Kraft-Cadbury I think (I was interviewed by someone at Citi C+R who worked on that deal).

I was also interviewed by a really nice VP (girl) who worked on the Kraft-Cadbury deal for 3 years...

-the baller

Feb 13, 2011

Citi's C+R group is one of their strongest groups (and one of the strongest on the street)

Feb 13, 2011

Really? I didn't know it was one of best groups on the street. I thought it was middle of pack at best (after GS, JPM, CS for sure). But good to hear that it's a strong group.

Feb 13, 2011

Heard good things about the culture of that group. Intra-office basketball games, etc. Strong dealflow, one of Citi's best along with Telecom.

Feb 13, 2011

and obviously M&A

Feb 13, 2011

What other major deals have they worked on other than Kraft-Cadbury over past few years?

Feb 13, 2011

What other major deals have they worked on other than Kraft-Cadbury over past few years?

Feb 13, 2011

do you have the offer from Citi Consumer Retail? If not, then first concentrate on getting one. It's a BB, so it would def have worked on big deals.

Feb 13, 2011

Laid-back folks; low-key.

Feb 13, 2011

not sure if you work for Citi Mis Ind, but I've heard the total opposite.....intense, anal senior bankers, with cutthroat culture....although i've heard the group is top-notch....

in terms of consumer/retail groups i'd rate them as follows:

1) GS

decent drop

2) UBS
3) lehman
4) citi

anyone care to chime in?

Feb 13, 2011
Comment
Feb 13, 2011