United States based investment bank and financial service provider Citibank Inc. (C) is planning to hire 900 employees over the next three years who will be working in its commercial banking unit, Citi Commercial Bank (CCB).
The bank says a large chunk of the employees will be centered in its Asia Pacific Business where it wants to speed its growth rate. Additionally, the bank said it will be launching in new markets and expanding its digital capabilities.
The commercial banking unit is seeking to increase its presence in rapid-growing and emerging markets. The bank has been recording increased business activity in China, U.S, India, Brazil and Western Europe countries.
Currently the bank has operations in 60 countries and it’s focused on lending too mid-sized companies. In a separate announcement, Citibank said as part of its global expansion initiative, it will be hiring around 350 staff including 200 commercial bankers over the next 3 years to speed growth in the Asia Pacific region.
“The hiring represents the largest investment in headcount across the bank globally,” said Citibank.
This development will strengthen services offered by the bank including securities, treasury and trade solutions and its collaborations with global wealth management.