Citi moves to new PHL hub

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Filling Spaces

CITI PHILIPPINES has inaugurated its new corporate headquarters in the upscale Bonifacio Global City, a move it said affirms its “confidence in the future economic development of the Philippines.”

In a statement sent late last week, Citi said the new 24-storey HQ will be home to 6,500 of its 7,700 staff, as well as to its country management team, institutional clients group, and groups that have regional and business process operations.

The bank called its new home Citi Plaza, whose opening ceremonies saw Bangko Sentral ng Pilipinas Governor Nestor Espenilla, Jr. and US Ambassador to the Philippines Sung Kim among the attendees.

“Citi Plaza underlines the importance of the Philippines to Citi,” Citi Asia Pacific Chief Executive Officer Francisco Aristeguieta was quoted as saying in the statement.

The bank first began its Philippine operations in 1902, “providing financial services that enable growth and economic progress,” the statement read.

The “opening builds on that legacy and affirms our confidence in the future economic development of the Philippines and providing the best possible work environment for our employees to serve our clients with distinction,” Mr. Aristeguieta said.

The Philippine headquarters is strategic for the bank given “the increasing demand of processing and service requirements being handled by the Philippine Service Center across 90 countries,” the lender said.