Citibank Thailand
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1985 |
| Headquarters | Bangkok , Thailand |
Key people | Darren Buckley (Country Head and Citi Country Officer) |
| Products | Banking, investment banking, private banking, foreign exchange, trade finance, cash management, custodian services, lending facilities, securitization, capital markets |
Number of employees | 2600+ |
| Parent | Citigroup |
Citibank Thailand operates as the Thai branch of the global financial services corporation Citigroup, having been founded in 1985.
History
The presence of Citi in Thailand dates back to 1967 when it acquired a 50% share in Bangkok First Investment Trust. In 1984, Citibank Thailand obtained a comprehensive banking license through the acquisition of Mercantile Bank. The entity was officially registered in Thailand on November 1, 1985.
Company profile
With a workforce exceeding 2,600 employees, Citibank Thailand caters to over one million clients throughout the country. It stands as the largest foreign bank in Thailand in terms of both deposits and total assets. The main office is situated on Sukhumvit Road and conducts business under the name Citibank, N.A.
Timeline
1982 - Citigroup takes over the Diners Club franchise, including Diners Club (Thailand) Ltd.
1984 - Acquisition of Mercantile Bank’s branch in Thailand by Citibank.
1985 - Launch of the inaugural Citibank branch in Bangkok.
1986 - Establishment of CitiCapital Ltd. to offer investment, venture capital, and corporate finance advisory services.
1987 – Introduction of Citicorp Leasing (Thailand) Ltd., initiating consumer finance operations; currently operates more than 45 branches under Citiadvance, maintaining market leadership.
2000 - Citicorp Securities (Thailand) Ltd obtains license to conduct securities business.
2008 - FinanceAsia honors Citi Thailand as Best Foreign Commercial Bank.
2008 - Global Finance magazine awards Best Corporate/Institutional and Consumer Internet Bank.
2008 - Asiamoney recognizes Citi as best Foreign Cash Management Bank.
2008 - Named Best Overall Domestic and Cross-Border Cash Management Services provider for corporate clients.
2008 - Awarded Best International Trade Bank within Thailand.
Products and services
Citibank Thailand offers a range of services to both individual customers and corporate clients, including investment and private banking solutions. Its principal corporate products encompass foreign exchange, trade finance, cash management, custodian services, lending facilities, securitization, and capital markets activities.
Key people
Darren Buckley holds the position of Country Head and Citi Country Officer for Citibank, N.A. in Thailand.
Sponsorship and CSR
Citi Thailand supports Citi's global Citizenship focus areas: Microfinance, Environmental sustainability, Financial Education, Youth Education, Disaster Response efforts, and Workplace initiatives. By 2007, the Citi Foundation had contributed approximately US$1.36 million (53.5 million baht) toward community development initiatives across Thailand. Since 2006, numerous employees along with their families have participated annually in Citi’s "Global Community Day."
