Citi, or Citigroup Inc., an American multinational investment bank is going to hire 900 employees over the next three years. The decision has been taken to improve the bank’s presence in high growth and emerging markets, and expanding its digital abilities. This will be Citi’s largest investment in recruitment across its offices worldwide.
Citi has offices in 60 countries around the world, and is planning to stretch its business in the United states, China, Brazil, India, and some countries in Western Europe.
It has also announced that it’ll hire 350 employees as part of its global headcount expansion plan in the next three years. It is aiming to hasten its growth in the Asia Pacific regions.
Citi will hire majority of people for its China, Hong Kong, India and Singapore offices. China and India will get 80 new employees each, while Hong Kong will get 100 new recruits. Singapore will add 30 people to its workforce.
By adding to its workforce, the bank hopes to strengthen its services like treasury, trade solutions, securities, and partnership with global wealth management.
Asia Pacific Business contributed 41 per cent to the bank’s global revenue of $2.7 billion in 2021. It also reported a 70 per cent growth in the CMO (Capital Markets Origination) revenue because of its commercial clients in Asia pacific.