Banking

Citi UK ready to ‘selectively’ hire now overhaul is done

Lender confirmed last week that 168 of the 3,000 roles at its Irish arm were at risk as part of global cost-cutting measures

Citigroup employs thousands of staff in London, as well as several thousand more across the UK. Picture: Getty

Citigroups UK chief executive officer has said the bank’s management overhaul was over and it’s now ready to “selectively” hire.

Speaking in an interview with Bloomberg Television, Tiina Lee pointed to areas such as commercial banking where she expected the bank to add more staff and clients “particularly in fast-growing areas.”

Her comments come after Citigroup fired thousands of employees as part of a global restructuring program announced last year, which is aimed at improving ...