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