 | |
 Citibank Europe headquarters in the IFSC, Dublin | |
| Company type | Subsidiary |
|---|---|
| Industry | Banking, financial services |
| Founded | 1902; 123 years ago (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 of Citigroup that operates in Europe. It is headquartered in Ireland.
History
Citibank commenced operations in Ireland in 1965.
In 2015, the division shifted its retail banking headquarters from London to Dublin. At that time, it employed 4,300 people.
Also in 2015, the Hungarian retail operations were acquired by Erste Group.
In 2018, the company formed a new bank as a result of a reorganization due to Brexit.
In September 2023, CEO Kristine Braden resigned after less than a year on the job. The division also announced layoffs. Nacho Gutierrez-Orrantia was then named head of Citibank Europe.
See also
References
- 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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