November 27, 2014 8:00 PM ET

Banks

Company Overview of Citibank Japan Ltd.

Company Overview

Citibank Japan Ltd. provides banking services to retail, corporate, and institutional customers in Japan. The company accepts various deposits, including current deposits, savings deposits, deposits callable on demand (tsuchi-yokin), time deposits, negotiable certificates of deposit, foreign currency deposits, etc. It also offers fund lending services, such as loan on bills, loan on deeds, overdrafts, discount of commercial bills, etc.; fund transfer services, including outward/inward remittance and collection of payments; ATM services; telephone banking services; and asset management services. In addition, the company is involved in foreign exchange transactions comprising foreign currency ...

5-1, Marunouchi 1-chome

Chiyoda-ku

Tokyo,  

Japan

Founded in 1902

1,835 Employees

Phone:

81 3 5462 5000

Key Executives for Citibank Japan Ltd.

Chief Executive Officer
Head of Finance Division
Chief Operating Officer and Representative Director
Age: 54
Co-Head of Business Strategy & Planning Division
Head of Management Coordination Unit and Deputy Head of Business Strategy & Planning Division
Compensation as of Fiscal Year 2014.

Citibank Japan Ltd. Key Developments

Citibank Japan Narrow Down Bidder For Retail Business

Citibank Japan Ltd. has selected Shinsei Bank, Limited (TSE:8303), Sumitomo Mitsui Banking Corporation, and Sumitomo Mitsui Trust Bank, Limited to spend the next month or two appraising the value of its retail business, submitting revised bids as early as November, 2014.

Citigroup Considering Sale Of Japanese Retail Business

Citigroup Inc. (NYSE:C) is considering the sale of retail-banking business in Japan, according to people familiar with the matter. Multiple major banks have expressed an interest, and an auction will be held as early as September 2014. Citibank Japan Ltd. noted Wednesday on its website that media reports of a potential sale were not based on any announcement made by Citibank Japan, and continued operations as usual.

Citibank Japan Ltd. Appoints Gerald Keefe as Executive Officer and Head of the Corporate Banking Division

Citibank Japan Ltd. announced that it appointed Gerald Keefe as executive officer and head of the corporate banking division, effective Jan. 1, 2014. Keefe is currently head of banking and origination in the global securitized products group of the parent company, Citigroup Inc. Marc Merlino, the previous head of the corporate banking division, in September became the global head of Citigroup's global subsidiaries group. Katsuhisa Ishikawa will continue to serve as interim head of the corporate banking division until Keefe takes over.

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