Citi Commercial Bank (CCB) confirmed plans to hire 900 new employees, including more than 400 commercial bankers.
“CCB is the ideal banking partner for our clients as they seek Citi’s global connectivity and institutional expertise across working capital management and strategic capital market offerings,” said Tasnim Ghiawadwala, global head, Citi Commercial Bank.
Citi will begin hiring senior bankers and kicking off training for existing bankers as early as this year, and over the course of the next three years. The bulk of the hires will be made across regions with the greatest expansion potential for the financial institution, which include the United States, China, Brazil, India and countries in Western Europe.
“In today’s interconnected world, mid-sized companies quickly outgrow the capabilities of a local or even a regional bank. They are going global faster and reaching scale sooner than ever before,” Ghiawadwala said.
With clients in over 60 countries, the bank’s plan to expand even further derived from an acceleration of its global operations while continuing to service clients earning annual revenue wages ranging from $10 million to $3 billion.
Through this staff expansion, the company hopes to fulfill the demands of its mid-size corporations as they leverage their global supply chain and form a closer alliance between the Treasury and Trade Solutions, Securities Services and Banking, Capital Markets and Advisory. To further meet the needs of its client-base, the commercial bank also hopes to strengthen its partnership with Global Wealth Management.
“We can offer our mid-sized clients the suite of capabilities used by the largest companies in the world customized to their needs and scale of operations,” Ghiawadwala said.
The company is also working toward developing a one-stop-for-all digital platform where its clients will have access to all product, services and digital features.
“The demand we are seeing for global products and a global platform makes me really confident about our value proposition and why I think we can continue to grow at a faster pace,” Ghiawadwala said. “CCB will focus on deepening client relationships through investment in our bankers and digital channels and by providing multiple client touch points into the rest of Citi. My priority is to unleash the power of Citi to this client set with market share gains to follow.”