Citibank_Europe

Citibank Europe

Citibank Europe

Subsidiary of Citigroup

Citibank Europe plc, is a subsidiary of Citigroup that operates in Europe. It is headquartered in Ireland.

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History

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 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

References

  1. [1]
    Brennan, Joe (7 March 2023). "Citi names Kristine Braden CEO of European unit in Dublin". The Irish Times.
  2. [2]
    Bergin, Tom; Robinson, Simon (19 June 2015). "Exclusive: Citigroup to shift European retail banking base to Dublin". Reuters.
  3. [3]
    Szakacs, Gergely; Shields, Michael (12 June 2015). "Erste Group on track to buy Citi's Hungary retail portfolio -sources". Reuters.
  4. [4]
    "Citi plans new UK bank as part of Brexit reorganization". Reuters. 5 October 2018.
  5. [5]
    Sakoui, Anousha; Gonzalez, Andres (15 September 2023). "Citigroup's Europe unit CEO Braden to leave after 25 years, source says". Reuters.
  6. [6]
    Sakoui, Anousha (22 September 2023). "Citi warns UK staff of cuts as hundreds of roles could be affected". Reuters.
  7. [7]
    "Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure". The Economic Times. 21 November 2023.


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