Citigroup

Citigroup, or Citi, is an American multinational investment bank and financial services company. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998. It owns Citicorp, the holding company for Citibank.

In 2018, policy research and development entity Financial Stability Board named Citigroup amongst the list of 29 banks worldwide that they considered "systemically important financial institutions", that is, financial organisations whose size and role meant that any failure could cause serious systemic problems. 

Citi Hong Kong names Vicky Wong as consumer business manager

She was Standard Chartered’s regional head of wealth management for Greater China, North Asia, and Hong Kong.

Citi winds down Russia consumer, commercial banking businesses

Approximately 2,300 employees will be affected, according to the bank.

Citi Global Wealth APAC clients invest $5b in bonds in May-July

Majority of investments flowed to fixed income funds and hedge funds.

Citi unveils Sustainable Time Deposit solution in APAC

It will fund environmental and social projects such as water and sanitation infrastructure.

Citi completes sale of Philippine consumer business to UnionBank

The sale includes the transfer of 1,540 staff to the Philippine bank.

Weekly Global News Wrap: US banks’ profits to fall; Crypto lender Celsius goes bankrupt

And UBS appoints Iqbal Khan as head of its wealth management division.

How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025

The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.

Citi unveils 12-week sabbatical leave programme for long-time employees

The programme is available to employees in Singapore, Hong Kong, and Japan initially.

Citi launches its Sustainable Trade and Working Capital Loans solution

It aims to give liquidity for international trade finance activities and other commercial activities.

Talent & Tech at the heart of Munir Nanji’s mission to grow Citi Central Europe

He is tasked with implementing the "New" Europe Strategy and reap full benefits of growth.

UOB’s purchase of Citi ASEAN retail assets improves profits, accelerates expansion

It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.

Citi names new head of Global Subsidiaries Group for APAC

And the search for a new head of corporate banking for Australia and New Zealand is on.