Citi hired around 30 bankers to its Southeast Asia team to capitalize on robust growth fuelled in part by the ongoing US-China trade war.
The bank said the roles were hired for its ASEAN business across banking, capital markets and advisory teams. Part of the growth was attributed to ongoing trade tensions and the benefits gained from disruption to supply chains, with Vietnam and Thailand being major beneficiaries.
«On the inbound, global multinational companies are increasingly investing in ASEAN and the supply chain shift through many ASEAN countries is leading to increased opportunities for Citi’s ASEAN banking network,» said David Biller, head of ASEAN banking, capital markets and advisory at Citigroup in a recent statement.
In addition to Vietnam and Thailand, bankers were also hired for Indonesia and Malaysia markets.
