David Livingstone, Chief Client Officer, Citi discusses the bank's announcement to invest $1.5 billion in their UK headquarters.
Breakdown
- Citi highlights the UK's favorable position and talent as reasons for major investment.
- The bank has invested in refurbishing its London headquarters for long-term presence. 26s
- Despite competition from other financial centers, London remains Citi's second largest market by returns. 1m 19s
- Citi reports minimal job movement from London to Europe post-Brexit, with London headcount rising. 2m 5s
- Physical financial centers are still seen as vital for collaboration and organizational culture. 2m 46s