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Margin & securities backed finance

We enable qualified clients to borrow at competitive rates against investments including equities, cash and equivalents, bonds, and mutual funds.

Margin & securities backed finance
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Keeping your core investment portfolio fully invested for the long-term is one of the most important recommendations that we make.

But we also recognize that you may have liquidity needs from time to time, whether planned or unplanned.

Rather than selling any existing investments to meet such needs, you might consider entering into a margin and securities backed finance (MSBF) loan.

With $25.3 billion of liquidity provided globally, our MSBF program enables borrowing at competitive rates using a broad range of financial assets as collateral.

These include cash and cash equivalents, equities and bonds, exchange traded REIT shares, mutual funds and ETFs, Citi-distributed structured notes, and hedge funds.

An MSBF loan allows you to keep your investment strategy intact, potentially deferring taxes, retaining dividends, and preserving other benefits of ownership.

 

You can use the funds from such a loan for a variety of purposes including making other investments, seeking enhanced yields, purchasing real estate, repaying debt or for other personal needs.

We help you to get more out of your assets.

Our dedicated team is experienced in structuring bespoke strategies to provide clients liquidity using their financial assets as collateral.

Murtuza Rasiwala
Head of Banking, Custody, Escrow and MSBF - Americas
How we serve you
Customized terms
Our MSBF specialists work closely with you and your Private Banker to determine a suitable financing strategy, taking a holistic view of your assets and liabilities.

Given our strong balance sheet, there are minimal restrictions on the size of loans we can make to eligible borrowers with sufficient collateral.

The credit lines and loans we arrange are available in multiple currencies, according to your needs.

Mitigating Risk
While MSBF loans can help you get more out of your assets, they also come with risks.

We therefore seek to help you avoid the hazards of excessive leverage and receiving a margin call.

Our portfolio analytics specialists can perform an analysis of your leverage, highlighting the risk of your receiving a margin call based on market moves during past episodes of financial stress.

In the case of adverse market fluctuations that cause a decline in the market value of securities, we employ a unique two-step margin call process, which includes both top-up and sell out notices

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Borrowing across borders
The global nature of our business enables us to lend against assets owned in other jurisdictions.

For example, we may lend against securities held in Singapore to finance the purchase of a residential property in London.

Our specialists around the world work together as one team to help achieve cross-border solutions.

Meet our people

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Murtuza Rasiwala caricature
Murtuza Rasiwala
Head of Banking, Custody, Escrow & MSBF
Americas

Murtuza leads a team of banking, custody, escrow and margin and securities backed lending professionals, who work with clients in North America and Latin America to address their financing, liquidity, safeguarding, portfolio administration, and risk mitigation needs.

Murtuza has over 15 years of private banking and margin lending experience. Previously, he was the Global Head of Margin and Securities Backed Lending at Citi Private Bank. Earlier in his career, he was a member of the Private Bank Investment Finance team for nine years, based in Asia. 

Murtuza holds an MBA in finance and the Chartered Financial Analyst and Financial Risk Manager designations.

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James Grimes caricature
James Grimes
Head of Margin and Securities Backed Finance Sales
North America

Jim originally joined Citi in 1999 as a Financial Controller in CitiCapital Material Handling Finance. In 2005, he transitioned into the role of Credit Officer for CitiCapital Material Handling Finance and later that year graduated from Citigroup Commercial Credit College.

In 2006, Jim joined Citi Private Bank’s Investment Finance team as a Portfolio Manager. Over the past decade, he has provided clients with tailored lending solutions. Most recently, he has served as Margin and Securities-Backed Finance Transactor for Metro New York.

Prior to joining Citi, Jim held roles at PricewaterhouseCoopers LLP as a Senior Auditor and Credit Lyonnais as an Accountant.

Jim received his bachelor’s degree from Fordham University. He is also a Certified Public Accountant.

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Dale Walsh
Head of Margin and Securities Backed Finance
Europe, Middle East & Africa

Dale is responsible for our margin securities backed finance (MSBF) offering across the region. Previously, he was a senior investment finance transactor, originating and underwriting lending transactions across areas including MSBF, subscription credit finance and commercial real estate. He is a Senior Credit Officer.

Having joined the Private Bank in 2004, Dale served in investment finance roles covering MSBF and residential real estate, including as a transactor in the risk team as part of the Special Assets Recovery Group. He also worked for Citi’s Corporate Bank in the shipping and aviation teams.

Dale holds a bachelor’s degree in politics from the University of Liverpool.

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Nandagopal Nair caricature
Nandagopal Nair
Head of Banking Solutions and Margin Lending
Asia Pacific

Nandu has overall responsibility for meeting clients’ banking and margin lending needs across Asia Pacific.

Since joining Citi in 1994, he has served in the Corporate, Consumer and Private Banks.

He brings 25 years of industry experience to clients, including roles in trading, sales, treasury and wealth advisory.

Nandu has a bachelor’s and an MBA from the Indian Institute of Management.

Global citizens

The Private Bank exists to serve a very special community. Hear the stories of global citizens in their own words.

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Global Citizens
Experience creator
ALAN FAENA

“Giving new life to a city is one of the most beautiful things that anyone can do,” says Alan Faena, as he looks out on the Miami neighbourhood that now bears his name. “It’s one of the things I’m most proud of, both here and back home in Buenos Aires. These are my gifts to the people, not only for today’s generation but also for future generations.” And what a gift the Faena District is indeed.

Spanning five blocks adjacent to the white sands of Miami Beach, the neighborhood is nothing less than an urban oasis of sensory delights. Its buildings – old and new – somehow fuse perfectly with their natural surroundings. Absolutely nothing is mundane here, not even the multistory parking garage, whose exterior could easily pass for that of an ultra-modern cultural center or designer shopping mall. Incidentally, the Faena District also possesses both of those things.

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Global Citizens
Adriana Cisneros
ADRIANA CISNEROS

“I think it’s something like less than one third of family businesses that make it from the first to the second generation and half of those don’t make it to the third generation,” says Adriana Cisneros. “I’m the third generation in our business, so I really hope I’m going to be one of those that survives. Who knows, I might completely mess up, but hopefully not.” Messing up seems a rather unlikely prospect going by Adriana’s record to date. The company is in robust health under her leadership. She has recently returned from a whistle-stop tour of Central and South America, where Cisneros Interactive has become the sole reseller of Facebook in nine countries, the only nations on earth where the social media giant will not manage its own sales.

Facebook chose to work through Cisneros Interactive because it already has the region’s most advanced advertising network. “I started Cisneros Interactive, our digital division four years ago,” says Adriana. “Our aim from the outset has been to create the largest advertising network in Latin America and also the smartest. When we began, others were trying to do similar things, but in a very country-specific way. No one really dared to do it pan-regionally. I used the same architecture to build the business that my father did when he brought satellite television to Latin America three decades ago.”

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Global Citizens
The Brown family & NFI: Keeping North America running
SID BROWN

I went to Georgetown University, where I majored in finance. After graduation, I went to New York, where I worked for two years in investment banking at Morgan Stanley, before attending Harvard Business School. At that point, I had to decide if I wanted to go back into investment banking or return to the family business. It was 1983 and NFI was primarily a trucking business with very small warehousing, real estate, and truck leasing components.

I’m not completely sure exactly what I was thinking at the time, but I probably felt a certain obligation to join the family business. I’d kind of grown up within NFI. From junior high school onwards, I’d always helped out at the company during summer vacations. I’d worked in the maintenance shop and as a loader in the warehouse. We had always discussed business around the family table as far back as I can remember. So I guess you could say it was in my blood.

When I entered the business, I also had two brothers and a sister working alongside me. So I not only had to figure out how to work with my father, but also with my siblings too. As we were coming up through the ranks, our father wisely refused to appoint any of us as his successor. ‘If I pick one of you,’ he said to us, ‘the others will always resent me and our relationship will suffer.’ Instead, he told us to work it out among ourselves, after which he would sell the business to us.

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Global Citizens
Fighting an asymmetric war
MOHAMED AMERSI

Problem-solving and progress-making are second nature to Mohamed Amersi. For many years, he worked as a lawyer for two of the world’s leading firms, focusing upon highly complex equity-related deals. He subsequently set up his own advisory and investment firm specializing in technology, media, and telecoms. In 2015, he and his family created the Amersi Foundation, which particularly supports causes relating to education, poverty, conflict, and social cohesion.

The pandemic has definitely felt like a war at times. But it’s an unusual, asymmetric kind of war. The enemy we’re fighting is one that we can’t see or touch. It doesn’t deploy tanks, fire bullets or have a nuclear arsenal. But it does have hidden bases in pretty much every single part of the Earth. And our current weaponry is unable to defeat this enemy – an enemy that is only interested in killing us.

Like most people, I have had to learn a lot very quickly about COVID-19. I had no in-depth understanding of what ‘triaging,’ ‘social distancing,’ and ‘self-isolation’ were all about. We’ve all learned a completely new lexicon, a new way of living and have a new way of thinking about things. It’s a strange paradox, but we’ve had to stay apart in order to come together against this pandemic.

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Contact us

To help us put you in touch with the right advisor or team, please answer the following questions.

The risk of loss in financing a transaction by deposit of collateral is significant. You may sustain losses in excess of your cash and any other assets deposited as collateral with the lender or the lender's agent. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives. You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call. The firm can increase its margin requirements at any time and is not required to provide you advance written notice. You are not entitled to an extension of time on a margin call. Citi has the right to demand repayment of a demand facility at any time, for any reason or no reason. All credit products are subject to credit approval.
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