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.
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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/3397857/banking-and-capita…
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...
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..
North America
I do not.
Houston is phy and fin power and nat gas
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!
Huge physical presence through Phibro
Thanks for the insights..
Any idea with regards to the strength of their physical and financial precious metals and crude S&T business then?
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.
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!
I would like to hear more about this as well. Please share if you have the in site.
Thanks
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?
didn't they sell phibro?
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