Citigroup plans 500 hires for new wealth unit – Bloomberg News

By:

Published: Aug 2, 2022, 13:52 UTC

(Reuters) - Citigroup Inc is planning to hire 500 employees over the next three years for a new wealth division, Bloomberg News reported on Tuesday, citing an interview with the segment's global head.

(Reuters) – Citigroup Inc is planning to hire 500 employees over the next three years for a new wealth division, Bloomberg News reported on Tuesday, citing an interview with the segment’s global head.

Naz Vahid told Bloomberg the new unit, called Wealth at Work, would cater to junior employees at private equity offices and accounting firms, betting those clients will someday join the ranks of the ultra wealthy and maintain their relationship with Citigroup.

The bank did not immediately respond to a Reuters request for comment.

(Reporting by Niket Nishant in Bengaluru)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: