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Citi Exclusive: 10% Wealth Management Cutting Explained

Citi is currently considering the dismissal of 51 employees from its wealth management division in London, which represents about 10% of the staff in that unit, totalling 485 members.

Citi Expands Into China: Launching Investment Banking Division in Dynamic Financial Landscape. PHOTO: ALP/Newscom
Citi to cut 10% of Wealth Unit in London. PHOTO: ALP/Newscom

This move primarily targets positions from assistant vice president up to director level, signalling a significant shift within the organization.

This decision forms a part of Citi’s broader strategic adjustments

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