Asia remains the heartbeat driving Citi's growth, says bank's Asia Pacific CEO
Asia-Pacific CEO says region vital as it focuses on institutional banking, wealth management. . Read more at straitstimes.com.
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Asia-Pacific CEO says region vital as it focuses on institutional banking, wealth management. . Read more at straitstimes.com.
Citi is selling its consumer businesses in Asia and EMEA to local and regional competitors.
Taipei, Jan. 28 (CNA) Citigroup Inc. (Citi) has reached an agreement with DBS on the acquisition of Citi's consumer banking franchise in Taiwan (Citi Consumer Taiwan), including transferring about 3,500 staff employed by the retail arm, according to both multinational financial services corporations Friday.
Consumer banking operation has taken up 48 per cent of the overall hires, followed by 31 per cent for the institutional businesses, with the remainder in support functions. . Read more at straitstimes.com.