Citi welcomes PHL economic managers to NY headquarters

CITIGROUP Inc. welcomed the Philippines’s economic managers to its headquarters at 388 Greenwich in New York City, USA. Citi hosted the Republic of the Philippines (ROP) delegation led by Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr., Finance Secretary Benjamin E. Diokno, Budget Secretary Amenah F. Pangandaman, Socioeconomic Planning Secretary Arsenio M. Balisacan and National Treasurer Rosalia V. De Leon.

A statement issued by Citi said the ROP delegation was in New York and Toronto for their non-deal roadshow (NDR), which sought to update senior business leaders and investors in the US and Canada on the country’s growth potential and to market the Philippines’s upcoming plans to establish its first sovereign wealth fund, the Maharlika Investment Fund.

Citi CEO Jane Fraser personally met the delegation. Citi Banking, Capital Markets and Advisory (BCMA) Vice Chairman Jay Collins, who hosted a dinner for the group, affirmed Citi’s commitment to con- tinue supporting the republic.

“By leveraging its experience of working with sovereign wealth funds globally, Citi is confident of its ability to act as strategic advisors to the Philippines and drive greater interest from the investment community into the Philippines as the country creates its sovereign wealth fund,” Citi’s statement read.

Citi Philippines Corporate Bank

Head Fernando Fleury and Citi Philippines Public Sector Head Aesha

Pabillon welcomed the delegation and hosted their two-day visit to New York.

“We are honored to have the opportunity to host the Philippine government at Citi’s headquarters in New York City and to support their efforts to attract investments into the country by leveraging Citi’s global network,” Citi Philippines CEO Paul A. Favila was quoted in the statement as saying. “This further affirms our commitment to enable growth and economic progress in the country where we have been doing business for more than 120 years.”

“We are very happy to host the Philippine economics team in New York. It was a rewarding series of meetings and discussions, and we are excited to see the investments and partnerships that come out of it in the years ahead,” added Fleury.

Citi hosted all the Philippine government’s investor meetings in New York and together with other partner banks, organized the nondeal roadshow and the Philippine Economic Briefing (PEB) held in Toronto, Canada.

The roadshow and the PEB served as a platform for the economic team to update international businesses and financial communities on the country’s economic performance, investment opportunities, and the administration’s development plan.