Citi announces expansion of its Commercial Bank capabilities in Ireland, targeting mid-sized corporates in new sectors
Craig Duignan appointed as Head of Ireland for Citi Commercial Bank
DUBLIN - Citi, the world’s most global bank, has announced the expansion of its Commercial Bank capabilities in Ireland. Citi will now cover mid-sized corporates in the manufacturing, pharmaceutical, life sciences, professional services and healthcare sectors that are planning to scale internationally. Citi Commercial Bank (CCB) has been in the Irish market for five years, and had been primarily offering services to digital and tech companies to date.
As part of the Ireland expansion, Craig Duignan has been appointed Head of Ireland for Citi Commercial Bank.
Commenting on the announcement, Auke Leenstra, Western Europe Head for Citi Commercial Bank, said: “Citi is well positioned to help mid-market companies overcome the challenges of entering new markets and drive cross-border business growth. We have the depth of global experience and market understanding to help our clients at most stages of their growth and across multiple industries.
We are delighted to appoint Craig as Head of Ireland for CCB. Ireland is an important market for us and this expansion is another step of progress in our European CCB strategy. It follows successful launches of CCB in France, Germany and Switzerland over the last 12 months.”
Davinia Conlan, Citi Country Head for Ireland, said: “The expansion of Citi Commercial Bank in Ireland adds to our already comprehensive offering. From Ireland, we now provide clients with a broad spectrum of Citi’s global products and services. Our local knowledge and expertise combined with our unmatched global network is a really strong proposition for corporates who want to scale internationally. Craig and his team will leverage the considerable footprint and reputation of Citi in Ireland to build the Commercial Bank business here.”
Citi employs c. 2900 people in Ireland, and is in the process of developing a new building at Waterfront South Central in Dublin, a signal of its long term commitment to Ireland.
Biography
Craig Duignan joined Citi in 1998 and has held multiple roles across Operations and Technology, Relationship Management and FX Product Management within Investor Services. He joined Citi Commercial Bank in 2019 to support Citi’s efforts in building the digital, tech and comms business across Western Europe.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
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Contacts
Joanna Petty: joanna.petty@citi.com, +353863639914
Sarah Mac Rory: sarah.macrory@citi.com, +442075083822
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