Citi sales jump 30% YoY despite lower issuance

Citigroup recorded a 29.5% increase in its US structured product sales volumes during the fourth quarter of 2021 from the same period of 2020. Total sales stood at US$3.1 billion over 924 products compared with US$2.4 billion across 684 products, SRP data shows. Citi currently ranks as the second most dominant issuer group for Q4 21 in terms of sales volumes behind Morgan Stanley, which leads with US$3.4 billion over 857 products. The bank slid from first place during the previous quarter in wh