Julie Monaco
Global Head of Corporate and Investment Banking, Public Sector, Citigroup
Since Julie Monaco became Citigroup's global head of public-sector corporate and investment banking in 2013, she has reoriented the $1.8 billion business to focus on clients, rather than products.
The group advises governments on financial strategy and works to attract foreign direct investment and reduce corruption using technology.
As an example of that last activity, Monaco led a deal with the Philippine government to advance a cashless system as a means of combating theft by providing purchase cards. Common in developed countries but rarer in developing ones, purchase cards can be used for things like travel, entertainment, supplies and professional services, and the government can choose spending categories and control spending limits for each user. Citi provides the online tracking and management tools to help the government pursue anti-corruption schemes.
Under Monaco, the public-sector group won 700 deals in 2014 (and at least $450 million in business) in the United Kingdom, Hong Kong, Colombia, Spain, Mexico and other countries. It also landed deals with the United Nations and the World Bank.
Monaco has been at Citi since 2007, when she joined as head of the North American arm of global transaction services. She regularly attends the annual World Economic Forum in Davos with Citigroup Chief Executive Mike Corbat.
