Citi is planning to expand its investment banking operations in Poland with the launch of a new Warsaw-based investment banking team.
Leveraging the market footprint amongst Polish corporate clients of Bank Handlowy as well as the role of its brokerage house (DMBH) on the Polish stock exchange, Citi will expand its capabilities in providing Polish corporates with its advisory platform as well with access to both the domestic and the international capital markets.
Simultaneously, the Polish government has also unveiled a new plan to privatize its key stakes in, amongst other sectors, energy, insurance, chemicals and telecommunications business.
Albert May, head of banking at Citi for CEE, said: “With its strong domestic presence and global expertise in all major global capital markets, Citi is well positioned to actively participate in this milestone phase of the development of Poland capital markets.
“The Polish economy is one of the few to have avoided a recession during 2009 and continues on an upward growth trajectory. Polish corporates are increasingly turning to both domestic as well as international markets to raise capital and obtain financial advisory services. Our expansion is aligned with the country’s ambition to become a financial center within Central and Eastern Europe.”