Citibank Europe plc, is a subsidiary of Citigroup that operates in Europe. It is headquartered in Ireland.
 | |
 Citibank Europe headquarters in the IFSC, Dublin | |
| Company type | Subsidiary |
|---|---|
| Industry | Banking, financial services |
| Founded | 1902 |
| Headquarters | 1 North Wall Quay Dublin 1 Republic of Ireland |
Area served | Europe, Middle East, Africa |
| Products | Retail banking Commercial banking Investment banking Private banking Financial analysis |
| Parent | Citigroup |
History
editCitibank commenced operations in Ireland in 1965.[1]
In 2015, the division shifted its retail banking headquarters from London to Dublin. At that time, it employed 4,300 people.[2]
Also in 2015, the Hungarian retail operations were acquired by Erste Group.[3]
In 2018, the company formed a new bank as a result of a reorganization due to Brexit.[4]
In September 2023, CEO Kristine Braden resigned after less than a year on the job.[5] The division also announced layoffs.[6] Nacho Gutierrez-Orrantia was then named head of Citibank Europe.[7]
See also
edit
References
edit- ^ Brennan, Joe (7 March 2023). "Citi names Kristine Braden CEO of European unit in Dublin". The Irish Times.
- ^ Bergin, Tom; Robinson, Simon (19 June 2015). "Exclusive: Citigroup to shift European retail banking base to Dublin". Reuters.
- ^ Szakacs, Gergely; Shields, Michael (12 June 2015). "Erste Group on track to buy Citi's Hungary retail portfolio -sources". Reuters.
- ^ "Citi plans new UK bank as part of Brexit reorganization". Reuters. 5 October 2018.
- ^ Sakoui, Anousha; Gonzalez, Andres (15 September 2023). "Citigroup's Europe unit CEO Braden to leave after 25 years, source says". Reuters.
- ^ Sakoui, Anousha (22 September 2023). "Citi warns UK staff of cuts as hundreds of roles could be affected". Reuters.
- ^ "Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure". The Economic Times. 21 November 2023.
External links
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