Following a strong showing in 2004 for its ex-Japan Asian securitization business, Citigroup Global Markets has begun the New Year in similar fashion. The team, led by John Dahl, has secured cross-border mandates from two Korean air carriers, Korean Air and Asiana Airlines.

Citigroup fended off strong bids from Nomura Securities and Standard Chartered for the KAL deal, sources reported, with StanChart also short-listed for Asiana.

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