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Citi plans to hire 3,000 staff in Hong Kong and Singapore

Citi is planning to hire around 3,000 employees to expand its institutional business in Asia over the next few years. APAC chief executive Peter Babej named regional hubs Hong Kong and Singapore as the key focus for hiring. Citi earlier announced plans to hire about 2,300 for its wealth management business by 2025. Citi’s wealth assets, which currently total around USD200bn, were on track to grow by USD150 billion by 2025. In China, Babej said Citi was a big believer in the long-term, with the bank receiving approval to conduct custodian business onshore in 2020 followed by an application for a brokerage licence last year. Nonetheless, there are still concerns ahead with geopolitical and macroeconomic risks alongside the challenges of Covid-related travel restrictions.


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