With an aim to boost the presence in the Gulf region, Citigroup is going to hire diverse talents in Dubai and Saudi Arabia.

Commenting on the move  Miguel Azevedo, Citi’s head of investment banking for the Middle East and North Africa said, “2021 was a record year, but I actually believe 2022 will be even better.” He further added the group is looking forward to adding resources all across the region. 

As for the war for talent, Miguel is of the view that the right culture helps both attract and retain talent. He said, “If you have a strong institution with strong values, with the right management, talent will still come to this industry…I believe it’s still a very attractive industry to young talent and we are positive on that."

Mint reported that citing the pool of capital in the Gulf, a number of Wall Street banks including JPMorgan and Goldman Sachs are also showing interest in the region by expanding teams on the ground in the hope of winning advisory roles. In fact, the bonus packages of the two banks have also jumped up as high as 50% and 40% respectively, for the employees in the region.