Appoints Picarillo as SVP
Firm committed to developing ratings activities within the German financial services sector
Citigroup gaining 1,354 financial advisors
Bank's risk profile is one of the strongest of its peer group
Says bank needs to fine tune U.S. strategy
Says CDOs should perform in a manner similar to Canadian asset-backed securities
Dependence on deposits from agents and advisors poses a challenge
New York office finds success with ratings of asset-backed securities
Study focuses on historical performance of bond issuers
Cites improvements in the bank's earnings, asset quality and financial risk profiles