• February 18, 2018
    Last updated less than one minute ago

banking

Citigroup to invest in London, hire staff despite Brexit - FT

Citi will initially hire 60 technologists for the centre

Reuters
15:27 February 12, 2018

Bengaluru: Wall Street bank Citigroup Inc will set up an innovation centre in London in one of the first investments by a big US bank since Brexit, the Financial Times reported on Sunday.

Citi will initially hire 60 technologists for the centre, James Cowles, chief executive Officer for Europe, the Middle East and Africa (EMEA), told the FT. The company could not be immediately reached for comment.

The centre in London will also house the EMEA unit of Citi ventures and employees from across the company’s businesses, in a boost for UK’s financial services sector ahead of Brexit, the FT reported. (Reuters)