The management team at Citigroup has some grand goals. Back in May Manolo Falco, the US bank’s head of corporate and investment banking for Europe, the Middle East and Africa, said Citi should be a top three firm both globally and in Emea, which Falco has described as “a very important source of strength and revenue”.

Ken Robins, Citi's head of equity capital markets in Emea, has a similar vision. He wants to push the bank up from seventh place in both the regional ECM revenue and deal volume league tables as of September 8, according to data provider Dealogic.