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In a statement on Thursday, Citigroup announced its post-Brexit plan, announcing the addition of 150 jobs across business units and in key EU locations, including Luxembourg.
Jim Cowley, Citi's Chief Executive for Europe, the Middle East and Africa (EMEA) argued that "we are well positioned for Brexit, with an on-the-ground presence in 20 EU states, and with more than half our current EU workforce already located outside of the UK".
Present in Luxembourg since 1970, Citibank provides banking, investment fund and global custody services and as at January 2017 it employed 150 people.
Cowley also announced that as part of taking "a prudent step" which allows the bank "to continue to serve our clients throughout the EU from March 2019" Citi has chosen Frankfurt for the headquarts of their EU broker-dealer. This will happen regardless of the outcome or timing of the Brexit negotiations.
Learn more / En savoir plus / Mehr erfahren:
http://www.scoop.it/t/luxembourg-europe/?&tag=Brexit
In a statement on Thursday, Citigroup announced its post-Brexit plan, announcing the addition of 150 jobs across business units and in key EU locations, including Luxembourg.
Jim Cowley, Citi's Chief Executive for Europe, the Middle East and Africa (EMEA) argued that "we are well positioned for Brexit, with an on-the-ground presence in 20 EU states, and with more than half our current EU workforce already located outside of the UK".
Present in Luxembourg since 1970, Citibank provides banking, investment fund and global custody services and as at January 2017 it employed 150 people.
Cowley also announced that as part of taking "a prudent step" which allows the bank "to continue to serve our clients throughout the EU from March 2019" Citi has chosen Frankfurt for the headquarts of their EU broker-dealer. This will happen regardless of the outcome or timing of the Brexit negotiations.
Learn more / En savoir plus / Mehr erfahren:
http://www.scoop.it/t/luxembourg-europe/?&tag=Brexit