Paco Ybarra
Citi
Career Overview
Paco Ybarra is a seasoned banking professional with a rich career spanning over three decades, primarily at Citi. His path is marked by various key leadership positions within the company, showcasing his extensive expertise and influence in the financial sector.
Educational Background
Ybarra's educational foundation is strong, holding a Master’s in Business Administration (MBA) from IESE Business School, and a Bachelor’s degree in Economics from the University of Valencia. This solid academic background laid the groundwork for his successful career in banking.
Early Career
He began his journey with Citi in 1987 as a Management Associate in Spain. Over the next two decades, he took on various positions across multiple locations including Spain, Mexico, Singapore, New York, and London, gaining significant international experience.
Leadership Roles at Citi
In 2006, Ybarra stepped into a leadership role as the Co-Head of Global Fixed Income at Citi. He held this position until 2011, overseeing the institution's fixed income operations on a global scale. He then advanced to become the Global Head of Markets, a role he served in from 2011 to 2013. Following this, he was appointed the Global Head of Markets and Securities Services, managing these business units worldwide from 2013 to 2019.
In January 2018, Ybarra took on the role of Deputy Head of the Institutional Clients Group, supporting its leadership and strategic direction. Just a year later, he was promoted to Chief Executive Officer of Citi's Institutional Clients Group, overseeing the Global Banking, Markets, and Services businesses until January 2023.
As of September 2023, Paco Ybarra serves as a Senior Advisor at Citi and is a member of the Executive Management Team. His deep knowledge and extensive experience continue to be invaluable to the organization.
Contributions Beyond Citi
Beyond his corporate responsibilities, Ybarra contributes to societal causes. He is a member of the Board of Directors of EMPower, a non-profit organization based in the United Kingdom that supports at-risk youth in Emerging Markets. Additionally, he serves on the Alumni Board of IESE Business School, aiding in the development of future leaders.
Summary of Achievements
Paco Ybarra’s career at Citi is a testament to his dedication, leadership, and vast experience in the banking industry. His journey from a Management Associate to a Senior Advisor and member of the Executive Management Team highlights his significant contributions to the financial sector and his commitment to professional excellence and societal impact.
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