Citi Set To Expand Digital Assets Division With 100 New Hires
Multinational bank Citi is on a hiring spree to expand its blockchain and digital assets division. The company first launched its digital assets division in June this year. Now, it plans to grow the division by hiring 100 new people. Related Reading | Why Citi Is “Slowly” Building A Crypto Infrastructure, CEO Says As part of […]
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The new head of digital assets at Citi’s institutional branch will focus on pursuing connections and investments with clients, startups, and regulators. American multinational investment bank Citi announced it had appointed Puneet Singhvi to lead the digital assets division of its Institutional Clients Group (ICG) starting on Dec. 1.In addition to appointing Singhvi on Nov. 22, Citi is hiring 100 additional personnel to for its digital assets division. The move indicates a concerted effort to beef up the financial group’s understanding of digital assets. Singhvi was previously the head of....
The United Kingdom, is often one of the friendlier places when it comes to Bitcoin legality, especially when compared to US regulation, such as the New York BitLicense. Citi, a global banking and financial corporation, recommended that the UK take its acceptance one step further with the creation of a UK cryptocurrency. In a document submitted by Citi to the British government, Citi noted the risks involved with digital currency. However, Citi also mentioned the untapped possibilities that digital currencies like Bitcoin can offer:
Citigroup has reportedly set up a “digital assets group” to offer clients access to cryptocurrencies, which will operate within the bank’s wealth management division. Citigroup has established a “digital assets group” within its wealth management unit, according to a memo to staff seen by Bloomberg. Iain Armitage, global head of capital markets for Citi Private Bank, and Rob Jasminski, who oversees the bank’s investment management arm globally, said in the memo that the new digital assets group will be led by Alex Kriete and Greg Girasole, the....
This move follows various other banking veterans making the change from Wall Street to crypto ventures. Alex Kriete, Co-Head of Digital Assets at Citi, announced his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency company but provided no additional details at the time. Kriete co-led the Digital Assets Group with Greg Girasole for less than a year since the unit launched in June, 2021. Girasole also announced his departure via LinkedIn and, together....
Citi GPS, an operation operated by multinational financial outfit Citi, has come out with a report that looks at the institutional environment, enabling infrastructure, solution provisioning and propensity to adopt digital money to measure the readiness for digital money in a number of countries. The report also quantified the benefits of digital currency adoption for businesses, individuals and governments. The countries that are the most