Citigroup Expands Wealth Management Hiring in Asia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2026
0mins
Source: Newsfilter
- Asia Hiring Focus: Citigroup plans to allocate a significant portion of its global wealth management hiring to Asia, where its private banking sector is experiencing rapid growth and high productivity, with plans to hire around 100 private bankers and 400 other specialists to enhance wealth business returns.
- Revenue Growth Targets: The bank has set a target return on tangible common equity for its wealth unit of 15% to 20% for 2027 and 2028, aiming for over 20% in the medium term, reflecting the importance of the Asia market which contributes approximately 35% to Citigroup's global wealth revenue.
- Navigating Market Complexity: Citigroup supports wealthy clients in markets like Indonesia amid increasing volatility and policy uncertainty, demonstrating its ability to maintain client relationships in challenging environments, which further solidifies its market position in Asia.
- Strategic Focus: While simplifying its operations, Citigroup retains its wealth, cards, and retail banking services in Hong Kong and Singapore, indicating a strategic intent to concentrate capital on higher-return businesses and striving to establish an industry-leading position in wealth management.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 124.680
Low
87.00
Averages
131.00
High
150.00
Current: 124.680
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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