Citigroup to create 50 Irish jobs in €16m R&D centre expansion

INTERNATIONAL financial services giant Citigroup — or Citi — is to add another 50 people to its Irish-based workforce on the back of a $24 million (€16.4m) expansion here.

The expansion investment will be focused on its Dublin-based Research, Development, Innovation and Learning Centre & and will bring to around $100m the amount the company has invested in the area of R&D in Ireland. The new jobs will bring to 100 the amount of people employed in the centre. Overall, Citi employs around 2,000 people in its Irish operations — the majority of whom work in its Global Transaction Services business.

The chief executive of that side of the business and chairman of Citibank Europe, Francesco Vannid’ Archirafi said that the learning centre will enable the company to create “the next wave of financial platforms and solutions for the financial services industry”.