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.

AccessTimeIconNov 22, 2021 at 5:34 p.m. UTC
Updated May 11, 2023 at 5:47 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

  • Singapore's Central Bank Presents Design Framework for Interoperable Digital Asset Networks
    04:57
    Singapore's Central Bank Presents Design Framework for Interoperable Digital Asset Networks
  • CBDCs Will Be a 'Trojan Horse': Citi's Future of Finance Global Head
    02:32
    CBDCs Will Be a 'Trojan Horse': Citi's Future of Finance Global Head
  • Citi's Future of Finance Global Head Addresses Future of CBDCs
    06:29
    Citi's Future of Finance Global Head Addresses Future of CBDCs
  • Trust Is Gained Over Time but Lost in an Instant: Analyst
    01:03
    Trust Is Gained Over Time but Lost in an Instant: Analyst
  • 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.”

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


    Read more about