Citi Private Bank Hails Fernando Alonso on His Impressive Maiden Dakar Rally
January 20 2020 - 12:00PM
Business Wire
Motor racing’s multiple world champion has
again proved his incredible versatility in the iconic race in Saudi
Arabia’s desert
Citi Private Bank-sponsored motorsports legend, Fernando Alonso,
has electrified his fans with his debut performance in one of the
toughest motorsports-endurance events, the Dakar Rally.
The multiple world champion finished fourth in the race’s final
stage, and was the leading newcomer overall. This marked an
impressive comeback from the difficulties he experienced earlier in
the week, when his car suffered wheel and suspension damage, as
well as a later double-roll crash.
The annual Dakar Rally – now in its forty-second year – is an
extreme off-road endurance race. This year’s edition consisted of
twelve daily stages covering a total of 7,500 kilometers (4,600
miles). As well as a contest between some of the world’s top
drivers, the Dakar Rally pits drivers against grueling terrains. In
2020, drivers faced the additional challenge of receiving
information about the course on the mornings of certain legs of the
race, rather than the day before.
“Fernando’s tenacious performance in his first-ever Dakar Rally
demonstrated, yet again, why he is one motor racing’s greatest ever
drivers,” said Peter Clive Charrington, Global Head of Citi Private
Bank. “His versatility is truly incredible. He somehow manages to
produce his inimitable magic whether competing in the tight streets
of Monaco, the night-time rain at Le Mans, or the arid sands of
Saudi Arabia. His hunger for fresh challenges, his exhaustive
preparations, and his relentless determination to win are qualities
we seek to emulate. Citi Private Bank could not be more proud of
our association with Fernando.”
In addition to racing in the Dakar Rally, Fernando is set to
compete at Indianapolis on May 24, 2020. If he wins the event, he
would become only the second driver in history to complete the
coveted “triple crown of motor racing.” An achievement that
requires victories at Indianapolis, Monaco, and Le Mans. Fernando
has already triumphed twice at both the latter two events.
About Citi Private Bank:
Citi Private Bank is one of the world’s fastest growing private
banks; dedicated to serving worldly and wealthy individuals and
families, providing customized private banking across borders. With
approximately $460 billion in global assets under management, the
franchise includes 48 offices, serving clients across 116
countries. Citi Private Bank helps clients grow and preserve
wealth, finance assets, make cash work harder, preserve legacies,
and serve family and family business needs through objective advice
and a truly open architecture investment platform. The firm offers
clients products and services covering capital markets, managed
investments, portfolio management, trust and estate planning,
investment finance, banking and aircraft finance, as well as art
and sports advisory and finance.
About Citi:
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
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Citi Patricia Tuma, 212-793-7682 patricia.tuma@citi.com
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