Citigroup Plans 100-Banker, 400-Specialist Hiring Drive Anchored in Asia
C•Citigroup will hire about 100 private bankers and 400 specialists, anchoring a large share in Asia where its private bank generated $3bn (35% of global wealth revenue) in 2025. The wealth unit posted $1.5bn net income in 2025—up nearly 50% year-on-year—and targets 15-20% RoTCE by 2027-28.
1. Hiring Strategy Overview
Citigroup intends to strengthen its wealth management arm by hiring approximately 100 private bankers and 400 additional specialists, anchoring a significant portion of these roles in Asia. This recruitment drive is designed to support the region’s rapid growth and enhance client coverage across key markets like Hong Kong, Singapore and Indonesia.
2. Asia Private Bank Growth
Asia’s private banking segment emerged as the most productive and fastest-growing region in 2025, generating about $3bn in revenue, or roughly 35% of the global wealth management business. Citi has maintained its wealth, cards and retail banking operations in Hong Kong and Singapore while leveraging Asia South, North and Japan to drive higher productivity.
3. Financial Results and Targets
The wealth business posted $1.5bn in net income for 2025, a nearly 50% increase from the prior year, and is targeting a return on tangible common equity of 15% to 20% by 2027-28, with a medium-term objective exceeding 20%. These targets align with CEO Jane Fraser’s strategy to refocus capital on higher-return operations and build an industry-leading wealth platform.
