Citigroup, the biggest foreign lender in Hong Kong, will increase staff at its commercial banking unit in the city by 100 to tap growing opportunities in the Greater Bay Area, according to a senior executive.
The increase in headcount is needed after the bank recorded 11% year-on-year growth in new corporate clients in the first quarter of this year, said Anson Kwok, head of the commercial bank at Citigroup Hong Kong. The number of new corporate clients in April returned to pre-Covid-19 levels last seen in 2019, he added.
“The worst is over and the outlook for 2023 is positive,” Kwok said last week. “We have seen that many companies have new business expansion plans for the…
