Citi Expands Annual e for Education Campaign Across a Broader Range of Electronically Traded Products
September 04 2019 - 8:29AM
Business Wire
Over $29.5 million raised for
education-focused non-profits since 2013
More than 300,000 students have been
supported by the campaign globally through various initiatives
spanning 25 countries worldwide
Citi has kicked off the 7th edition of its annual e for
Education campaign, a global corporate social responsibility
initiative which has raised over $29.5 million for
education-focused non-profits since 2013.
Beginning today and through November 1, Citi's Foreign Exchange
business will donate $1 for every $1 million traded on its
electronic platforms including Citi Velocity, Citi's flagship
trading platform for institutional clients, and CitiFX Pulse for
corporate and custody clients. Citi’s e for Education also includes
local market bonds and for the first time, the campaign will expand
across Futures and Cash Equities, part of the newly formed Equities
and Securities Services business. The group will donate a portion
of the revenues generated against all electronically traded flows
on its platforms.
“Our e for Education campaign is closely tied to our mission and
value proposition of enabling progress,” said Paco Ybarra, Head of
the Institutional Clients Group. “Citi is committed to helping its
clients and communities to tackle the world’s toughest challenges.
We strongly believe that we have a fundamental responsibility to
youth education and to help provide children around the world with
opportunities they may not otherwise have.”
More than 300,000 students have been supported by the campaign
globally through various initiatives including the development of
more than 500 new schools spanning over 25 countries worldwide, the
support of college fees for over 900 children of fallen patriots in
the U.S. and the support of thousands of UK pupils affected by
mental health issues, as well as supporting educators and activists
whose work helps break down the barriers preventing more than 130
million girls around the world from going to school.
The following nine organizations, spanning a range of
geographies and core focus areas, were selected to benefit from the
e for Education initiative:
- Civic Builders: develops high-performing charter schools
where need is greatest across the U.S
- EMpower: supports at-risk youth in emerging market
countries
- Fallen Patriots: provides college scholarships and
educational counselling to North American children who have lost a
parent in the U.S. military
- Malala Fund: invests in education programs and breaks
down the barriers preventing more than 130 million girls around the
world from going to school
- Place2Be: enhances the wellbeing and prospects of
children and their families by providing access to therapeutic and
emotional support in schools
- Reach the World: makes the benefits of travel accessible
to classrooms, inspiring youth to become more curious, confident
global citizens
- Room to Read: focuses on increasing literacy and gender
equality in education in low-income countries
- Teach First: trains and supports committed individuals
to become inspirational classroom leaders in low-income communities
across England and Wales
- Uncommon Schools: starts and manages 52 public charter
schools serving 18,000 students in the US to prepare low-income
students to graduate from college
In addition to the donations raised on the back of electronic
trading activity, Citi clients and employees also support the
selected non-profits through a series of educational activities
including CV clinics, mock interviews, trading simulations, visits
to the trading floor and economics lessons.
“We're delighted to once again have been chosen as one of the
charities to benefit from the e for Education fundraising campaign.
Each year, the funds raised have played a critical part in our
ability to support schools serving disadvantaged communities, and
we are hugely grateful,” said Russell Hobby, Teach First CEO. “Put
simply, we would not have had such an impact in classrooms without
the continued support of Citi.”
“We are excited to expand the e for Education campaign and are
proud of the success we have had over the last several years,” said
Itay Tuchman, Global Head of FX. “This initiative continues to grow
and gain momentum year-after-year and we are thankful for the
ongoing support that our clients and staff have consistently
demonstrated to help increase financial inclusion and catalyze job
opportunities for thousands of young people.”
Additional information about the campaign may be found at
https://www.citifx.com/e4e/
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.
Additional information may be found at http://www.citigroup.com
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