Citibank Europe
 | |
 Citibank Europe headquarters in theIFSC,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 |
Citibank Europe plc,is a subsidiary ofCitigroupthat operates in Europe. It is headquartered in Ireland.
History
[edit]Citibank 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 byErste Group.[3]
In 2018, the company formed a new bank as a result of a reorganization due toBrexit.[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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