Talent hired to work on Citi’s crypto division will be based in Singapore, in addition to London, New York, and Tel Aviv.
Citi has appointed Puneet Singhvi to the bank’s ICG Business Development team on 1 December as the ICG head of digital assets, reporting to Emily Turner, head of business development, with a matrix reporting line to Stuart Riley, global head of ICG, according to an internal memo seen.
Singhvi joins the team from global markets, where he was most recently the head of the blockchain and digital assets. He has also led teams across sales, business development, and product in global markets and securities services and treasury and trade solutions (TTS).
Shobhit Maini and Vasant Viswanathan will be co-heads of Blockchain and Digital Assets for Global Markets, reporting to Biswarup Chatterjee with a matrix report to Singhvi. The TTS Head of Digital Assets and the Securities Services Digital Asset lead will also matrix report to Singhvi, the memo said.
The bank will also add approximately 100 roles across its Institutional Clients Group (ICG) and associated functions to bolster its expertise in blockchain, including digital assets and digital currencies.
Citi said the locations in which it is hiring for the digital assets team is strategic for its ICG business and technology, and represent talent hubs for blockchain and digital asset expertise.
We are focused on assessing the needs of our clients in the digital asset space; 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.