Citi Commercial Bank (CCB), which serves mid-sized businesses in more than 60 countries, has announced plans to add 900 workers over the next three years, including over 400 commercial bankers. According to a press release from the company, the commercial bank would attain growth by hiring more people in developed and major emerging markets and using existing institutional infrastructure.
“Citi Commercial Bank anticipates that the financial needs of this critical client segment will evolve, requiring the sophisticated banking solutions…” says the release. As a result, the bank is substantially investing in this sector, with the majority of new hiring centred in places where commercial activity is expected to go up, such as the United States, China, Brazil, India, and Western European countries.
“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,” comments Tasnim Ghiawadwala, Global Head, Citi Commercial Bank.
The commercial bank is focusing on deepening penetration in developing, high-growth disruptor sectors by recruiting industry specialist senior bankers and improving training and development for existing bankers, in addition to entering new markets and expanding its digital capabilities.
“CCB will focus on deepening client relationships through investment in our bankers and digital channels and by providing multiple client touchpoints into the rest of Citi. My priority is to unleash the power of Citi to this client set with market share gains to follow,” Ghiawadwala mentioned.