Citibank Singapore will be hiring 330 relationship managers over the next five years for its newly opened wealth hub here.
The hub was officially opened at 268 Orchard Road on Monday (Dec 14) and is the bank's largest wealth advisory hub globally.
Citibank has already moved 300 relationship managers, advisers, specialists and staff from other branches to the wealth hub.
"With a rapidly growing affluent client base in Singapore, the bank's strategy is to further enhance its ecosystem of digital tools and wealth hubs, deliver more innovative mobile solutions and expand its talent pool," Citi said in a media statement.
The bank also aims to double its assets under management here and to triple the number of its affluent clients by 2025.
"Citi has an enormous opportunity to serve the growing affluent segment in Singapore. In line with our growth aspiration and despite a uniquely challenging year, we grew qualified clients by close to 5 percent in 2020 compared with 2019, said Brendan Carney, Chief Executive of Citibank Singapore and Asean cluster head of the global consumer banking division.
Earlier in September, Citigroup announced that it was embarking on hiring 6,000 young people in Asia over the next three years in an effort to help cushion the region from a blowout in youth unemployment.
It also announced offering 60,000 job training opportunities for those below the age of 24 over the next three years across its retail and institutional businesses in the region.