By Reuters Staff
3 Min Read
LONDON, April 26 (Reuters) - Citigroup is expanding its commercial banking operations in Europe, Middle East and Africa (EMEA), looking to take on local banks serving mid-sized companies as part of a wider bid to capitalise on its global presence.
The U.S. bank will initially hire around 25 staff including bankers and risk & control managers this year as it expands its local presence in the Netherlands, Belgium, Luxembourg, Spain, Portugal and Italy, Raymond Gatcliffe, head of Citi Commercial Bank in EMEA, told Reuters
That follows on from around 30 hires the bank has already made in Britain in the last year, since Reuters first reported the lender’s ambitions to grow in the region.