Reuters reveals Citigroup to hire 3,000 in Asia institutional banking business in growth push

Reuters exclusively reported that Citigroup plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its focus in a fast-growing region where it has exited consumer banking in most markets. The previously unreported staff expansion plans underline Citi’s ambition to make institutional banking and wealth management engines of growth, seeking to bolster revenue in a region that has become a battleground for global banks looking to tap its vast economies and growing wealth.