| 10 Mar 2010 |
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Citi Holds Bourse Game Seminar for the 4th Consecutive Year
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Featuring 30 Local Trainees from Major Corporations and Top Financial Institutions
Kuwait - Building on the success of its training modules and responding to client requests, Citi KuwaitCiti Kuwait
recently held, for the fourth consecutive year, its globally acclaimed Bourse Game seminar, an intensive introduction to Money Markets and Foreign Exchange which utilizes practical learning techniques and promotes a stimulating learning environment.Featuring about 30 of Kuwait's top-tier treasury, finance and Investment officers from major corporations, the 5-day seminar was conducted by Fatah Adour, Citi KuwaitCiti Kuwait Treasurer, and Theodore Leventis, better known globally as the "Bourse Master" who's been running the Bourse Games for both Citi staff and customers for the last 27 years in over 55 countries around the world.
Seminar covered main money market and foreign exchange topics including structure of rates, FX swaps and interbank dealing, while trainees spent hours on a simulated trading floor learning the finer points of foreign exchange trading.
"The Bourse Game has become an annual recurrence on our training calendar as it has demonstrated its value to clients and staff alike," said Raj Dvivedi, Citi Country Officer in Kuwait. "This type of seminars represents a novel approach to training which continues to be well received by treasury, finance and investment officers of top local companies and financial institutions."
The trading floor was abuzz with activity and excitement as teams representing fictitious banks placing foreign exchange rates bids and keying in orders at brisk pace, "traders" yelling on telephones and groups of people in serious discussion over hedging and investment strategies. Seminar ended with a competition for best 'trading bank' and attendees received seminar certification.
"This and other focused training efforts are in line with Citi's long-term strategy and commitment to developing local professional talent," added Mr. Adour. "Seminar provided a tremendous insight on the mechanics of FX dealing,
While the trading floor scenario demonstrated to our clients the sophistication in markets and the transparency in the approach and execution that Citi practices as it acts on behalf of clients."
Citi has been in the Arab World for nearly 50 years and views the region as critical to its global franchise. It currently offers full scale corporate banking services across ten Arab countries including Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain, Qatar and Kuwait as well as Pakistan. Its consumer banking services cover UAE, Egypt, Bahrain and Pakistan, while it maintains close relationships with high networth clients in the region through the Citi Private Bank.
Since establishing its fully licensed branch in Kuwait in 2006, Citi has evolved into an active corporate citizen, with a particular interest in supporting financial education and developing Kuwait's talent pool. Over 200 young Kuwaitis have so far received certified training on financial literacy, life skills and personal economics through Citi's sponsored training programs.
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About CitiCiti, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.
Media Contacts:
Karim Seifeddine
+971 (4) 604-4392
karim.seifeddine@citi.com
© Press Release 2010
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