FT - Citigroup is setting up an innovation centre in London

Citi Building Canary Wharf

Citigroup is setting up an innovation centre in London in one of the first strategic investments by a big US bank in the British capital since the Brexit vote.

Citi is initially hiring 60 technologists for the centre, the bank’s Europe, Middle East and Africa (Emea) chief executive Jim Cowles told the Financial Times.

It will also house the Emea arm of Citi Ventures — which handles the bank’s venture capital investments and innovation partnerships with external companies — and employees from across Citi’s businesses.

“Citi continues to invest in London, a key hub for both cutting edge technological talent and some of our largest investor clients,” said Cowles.

Hit the link below to access the complete Financial Times article:

Citigroup to set up innovation centre in London

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