(8 March 2022 – Asia) Citigroup Commercial Bank (CCB) plans to recruit 900 employees over the next three years, with the bulk of the hiring expected to be in areas where it sees an increase in business activity, particularly the United States, China, Brazil, India and Western Europe.
CCB targets mid-sized companies and emerging corporates with annual revenues in the range of $10 million to $3 billion.
The majority of the recruitment plans will be in Asia which will account for close to 350 total hires over the three-year period, including nearly 200 commercial bankers. The key focus markets include China (over 80 planned hires), Hong Kong (nearly 100), India (around 80) and Singapore (over 30).
“Asia Pacific is home to a rapidly growing number of new and emerging corporates, as well as mid-sized companies, that are aggressively pursuing growth,” said APAC head of CCB Rajat Madhok.
“As more emerging and mid-sized companies enter new markets and create global supply chains, there is a real need for sophisticated global banking services. We will grow our country CCB businesses in the region, build out our digital platforms and capabilities, and deepen penetration in emerging, high-growth disruptor sectors.”