Citi: Taking share in flat markets

Since 2009, after John Havens had to slash headcount and reduce the investment banking business to serve far fewer customers, Citi has been fighting its way back to prominence.

It is the only leading firm that has increased its share of the global investment banking fee pool as measured by Dealogic in each year since 2010. Coming from a low of 4.4% that year, it ranked seventh in the fee tables for 2012, with a market share of 5.1% across debt and equity underwriting, syndicated loans and M&A.

After six months of 2013, it had pushed ahead to fifth, with a market share of 5.7%,

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