Bird lauds Asia contribution to Citi results

Stephen Bird, chief executive of Citi Asia, writes to regional staff, highlighting "solid results in a challenging year" as global net profit misses analyst expectations.

When an internal memo pops into your inbox with the words “significant”, “momentum”, “achievements” and “successful” dotted throughout, you know you can probably rest easy for a while.

And thus was the case as Stephen Bird broke down Citi’s fourth-quarter results for staff in Asia, some of whom were possibly spooked by the headline numbers that poured out of head office in New York on Thursday.

The message global profit might have missed expectations on the back of a poor quarter for fixed-income trading but, regionally at least, there were enough positives to pick through.

In the memo, sent to Asia staff on...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222