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The Asset November 2008 by Daniel Yu

In a sea of red ink at Citi, Paul Galant is in an unusual position. The CEO of Citi's global transaction services unit is reporting record earnings – US$2.3 billion at the end of September 2008 – which go some way in soaking up the group's year-to-date loss of US$10.4 billion. In an exclusive interview with The Asset at the Sibos conference in September, Galant explains what underpins Citi's strategy that will carry it through, in spite of the global credit meltdown...

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