Citigroup's Asia hiring hits 5,500

Citigroup has already hired 5,500 young employees for its Asia businesses in line with its target to recruit 6,000 by 2023. About 58% of the hires were female. Almost half were hired across the bank's consumer business including some markets it plans to exit, and those staff would be offered options such as new jobs within the bank or transferred to the new buyer. Peter Babej, Citi's Asia Pacific chief executive officer, said that the youth are key to Asia Pacific's Covid-19 recovery and to inclusive growth across the region. According to the International Labor Organization, the Asia Pacific is home to more than half of the world's youth population, estimated at 700 million people. They accounted for almost half of the region's unemployed, even though they make up just 20% of the working-age population.