Citibank Europe
Citibank Europe plc, a branch of Citigroup, conducts its operations throughout Europe with its main office situated in Dublin, Ireland.
History
Citibank initiated its activities in Ireland in 1965. In 2015, the company shifted its European retail banking headquarters from London to Dublin, where it had a workforce of approximately 4,300 employees. During the same year, it sold its retail banking business in Hungary to Erste Group.
Following the implications of Brexit, Citibank restructured in 2018 by creating a new banking entity in the United Kingdom to preserve its position in the UK market. In September 2023, CEO Kristine Braden stepped down after serving less than a year, at a time when the bank announced workforce reductions. Subsequently, in November 2023, Nacho Gutierrez-Orrantia was named the leader of Citibank Europe, signaling strategic changes in leadership designed to promote continued growth and maintain a competitive edge within the region.