Citigroup to hire 6,000 people in Asia as unemployment soars | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
July 11, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, JULY 11, 2025
Citigroup to hire 6,000 people in Asia as unemployment soars

Corporates

TBS Report
20 September, 2020, 11:00 am
Last modified: 20 September, 2020, 11:13 am

Related News

  • Citigroup mistakenly credits customer account $81 trillion in 'near miss', FT reports
  • Citigroup CEO says higher rates to moderate growth in US, world
  • Citigroup's Russia exit removes one obstacle for CEO, but challenges remain
  • Citigroup says it will close Russian consumer business
  • Citigroup to hire 3,000 in Asia institutional banking business in growth push -Asia CEO

Citigroup to hire 6,000 people in Asia as unemployment soars

It’s also offering 60,000 job training opportunities for youth below the age of 24 over the next three years across its retail and institutional businesses in the region

TBS Report
20 September, 2020, 11:00 am
Last modified: 20 September, 2020, 11:13 am
Citigroup to hire 6,000 people in Asia as unemployment soars

Citigroup Inc is embarking on hiring 6,000 young people in Asia over the next three years in an effort to help cushion the region from a blowout in youth unemployment.

It's also offering 60,000 job training opportunities for youth below the age of 24 over the next three years across its retail and institutional businesses in the region, the New York-based bank said on Friday.

Citi and its Citi Foundation pledged to invest $35 million in philanthropic contributions and grants to improve the employability of youth from low-income and underserved communities in Asia by 2023, reported Livemint.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Asia Pacific is home to more than half of the world's youth population, estimated at 700 million people. They now account for almost half of the region's unemployed, even though they make up just 20% of the working-age population, according to the International Labor Organisation.

Projections through the end of 2020 in 13 countries show sizable jumps, with youth unemployment rates doubling from 2019 in some cases, the bank said.

"Communities in Asia Pacific are facing a youth unemployment crisis, especially among low-income and underserved groups, due to the impact of Covid-19," said Peter Babej, Citi's Asia Pacific chief executive officer.

Asia Pacific is Citi's largest region by revenues outside North America, contributing around 25% of global revenues based on 2020 earnings reports year to date.

The jobs will be offered across different businesses in the region including banking, capital markets and advisory, markets and securities services and consumer banking, a Hong Kong-based spokesman said.

The program will cover a mixture of new positions and annual hiring needs, the spokesman said. Hiring will be done across Asia Pacific, but many of the jobs are expected to come in South East Asia, he said.

Citigroup Inc / Citigroup / Job hiring

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Abul Barkat at Dhaka Metropolitan Magistrate Court on 11 July 2025. Photo: TBS
    Economist Abul Barkat sent to jail in Tk297cr embezzlement case
  • BNP senior leader Salahuddin Ahmed. Photo: Collected
    No scope for electoral alliance with Jamaat, door not closed for NCP: BNP's Salahuddin
  • Sketch: TBS
    No peace through concession — only struggle secures tomorrow

MOST VIEWED

  • Photo: Mohammad Minhaj Uddin/TBS
    SSC, equivalent results: Pass rate drops to 68.45%, GPA-5 also declines
  • In terms of stream of education, girls maintained their excellence as well. Photo: TBS
    SSC 2025: Girls dominate boys by over 5%
  • Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
    Govt vehicle purchase, foreign trip, new building construction banned: Finance ministry
  • Students sit for SSC exam at Motijheel Girls' High School on 10 April 2025. Photo: Mehedi Hasan/TBS
    SSC exam results out: Here's how you can check online and via SMS
  • The overall pass rate across all boards this year, 68.45%, is significantly lower than last year's. Photo: Focus Bangla
    SSC 2025: Rajshahi board records highest pass rate, Barishal lowest
  • Representational image. Photo: Collected
    35% tariff: Bangladesh, US 'agree on most issues' as first day of talks ends

Related News

  • Citigroup mistakenly credits customer account $81 trillion in 'near miss', FT reports
  • Citigroup CEO says higher rates to moderate growth in US, world
  • Citigroup's Russia exit removes one obstacle for CEO, but challenges remain
  • Citigroup says it will close Russian consumer business
  • Citigroup to hire 3,000 in Asia institutional banking business in growth push -Asia CEO

Features

Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

21h | The Big Picture
Illustration: TBS

Behind closed doors: Why women in Bangladesh stay in abusive marriages

1d | Panorama
Purbachl’s 144-acre Sal forest is an essential part of the area’s biodiversity. Within it, 128 species of plants and 74 species of animals — many of them endangered — have been identified. Photo: Syed Zakir Hossain/TBS

A forest saved: Inside the restoration of Purbachal's last Sal grove

1d | Panorama
Photo: Rajib Dhar/TBS

11 July 2024: Riot vehicles, water cannons hit the streets as police crack down on protesters

17h | Panorama

More Videos from TBS

Threat of 35 percent tariff on Canadian goods

Threat of 35 percent tariff on Canadian goods

1h | TBS World
Israel ready to strike back if Iran threatens: Katz

Israel ready to strike back if Iran threatens: Katz

2h | TBS World
India is strengthening ties with Israel

India is strengthening ties with Israel

3h | TBS World
'Hypocrisy' will not continue, Iran tells IAEA

'Hypocrisy' will not continue, Iran tells IAEA

19h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net