Citigroup plans 500 hires for new wealth unit |
Citigroup plans to hire 500 employees over the next three years for a new wealth division. Naz Vahid, the unit’s global head, told Bloomberg News that the new division, called Wealth at Work, would cater to junior employees at private equity offices and accounting firms, betting those clients will ultimately join the ranks of the ultra-wealthy and maintain their relationship with the bank. “We understand bonus payout structures, changes in income when our clients go from associates to partners, unique retirement needs,” Vahid said. “We know when they're likely to buy a house, when they're likely to begin planning for college, and more. We know the career life cycle.” |
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