Citi Plans to Hire 100 Staffers for Beefed-Up Crypto Division

The bank has also named Puneet Singhvi as head of digital assets for its institutional clients group starting Dec. 1.

Nov 22, 2021 at 5:34 p.m. UTC
Updated Nov 22, 2021 at 5:46 p.m. UTC

Global banking powerhouse Citi is hiring 100 people to beef up its blockchain and digital assets division, according to a person familiar with the bank’s plans.

Citi has also made Puneet Singhvi head of digital assets for the institutional clients group (ICG) at Citi as of Dec. 1, according to a company memo shared with CoinDesk. Singhvi was most recently head of blockchain and digital assets for Citi’s Global Markets team.

Singhvi will report to Emily Turner, head of business development for the Institutional Clients Group at Citi. Shobhit Maini and Vasant Viswanathan will be co-heads of blockchain and digital assets for Global Markets.

“We are focused on assessing the needs of our clients in the digital asset space,” said Citi in an emailed statement. “Prior to offering any products and services, we are studying these markets, as well as the evolving regulatory landscape and associated risks in order to meet our own regulatory frameworks and supervisory expectations.”

The Citi memo shared with CoinDesk said that in addition to the senior roles announced Monday, the company intends to “hire additional talent over the next several months, and will be posting roles across ICG businesses, functions, and the ICG Business Development team.”

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Ian Allison is a senior reporter at CoinDesk.