PALO ALTO, Calif.--(BUSINESS WIRE)--Citibank today announced the appointment of Thierry Jenar as Market President for Silicon Valley, CA. Jenar will collaborate with Citi teams across the Silicon Valley area as well as community stakeholders, businesses, civic organizations and government partners to ensure strong local engagement on behalf of U.S. Consumer and Commercial Banking at Citi. Jenar will also serve as Senior Group Head of Citi Commercial Bank’s recently-formed Technology Banking Group to enhance lending to middle-market tech businesses seeking the full range of banking services on a global scale.
Jenar brings more than 20 years of commercial and international banking experience including regional business management, credit underwriting, cross-border lending, FX and technical trade product sales. He joined Citi Commercial Bank in May 2012. Jenar also serves on the boards of the Silicon Valley Chapter of the Association for Corporate Growth (ACG) and the Silicon Valley Leadership Group Foundation.
Citi Commercial Bank has long served technology-oriented companies, and it has built the dedicated Technology Banking Group to address the increasingly specialized and global needs of growing tech companies. The Technology Group, which is built to serve technology companies throughout the U.S., also has a presence in Boston and continues to grow. The team of 12 technology bankers will bring industry-specific expertise and Citi’s unparalleled global banking capabilities to tech firms with revenues of $20 million to $1 billion. Even during the build-out period in 2013, the Technology Group had immediate success providing credit, global cash management services and capital markets solutions to early and late stage companies whether private, pre-IPO, or public across a wide range of subsectors that includes telecommunication, hardware, software, media, Internet, e-commerce, semiconductors and life-sciences.
“I am passionate about Silicon Valley, its communities and its worldwide impact on innovation. I am proud to represent Citibank in this area,” said Jenar. “I’m also thrilled to lead Citi Commercial Bank’s new Technology Banking Group. Tech companies often require specialized access to capital, global production and distribution opportunities, and advanced investment banking services. With the combination of Citi’s global banking capacity and our team’s industry-specific expertise, we are extremely well-positioned to serve the needs of technology clients.”
The Technology Banking Group is part of Citi Commercial Bank’s specialty finance division, which includes dedicated teams for asset-based lending, healthcare, government contracting and not-for-profit organizations.
Citi Commercial Bank provides small and middle market companies with global access to award-winning products from its institutional and consumer platforms in more than 100 cities worldwide.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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