Citigroup, Inc (NYSE: C) To Hire 300 New Employees in Taiwan

Read the full article in americanbankingnews
Citigroup, Inc (NYSE: C)’s Taiwan business said on Thursday that it would be hiring more than 300 new employees by the end of the year.

Citibank Taiwan Chairman Victor Kuan said that Citigroup, Inc (NYSE: C) has been in Taiwan for more than 46 years and it’s determine to create new jobs and offer more opportunities to younger generations.

Kuan said that the bank currently has about 5,000 employees, making it the largest single foreign employer in the banking sector, adding that the new hires will focus on professionals in enterprise banking and private banking.

Kuan, who recently became Chairman of the unit, said that the bank’s Taiwan unit made $211 million in pretax profits through may and that he expects the bank’s 2010 profits to exceed its 2009 profits of NT$13 billion as the company continues to invest in the country.