Citigroup is launching an innovation centre in London in one of the first strategic investments by a big US bank in the British capital since the Brexit vote.
The London lab will initially hire 60 technologists who will add to a network of 250 people working in Ireland, Singapore, Mexico and Israel in similar innovation labs. In addition, the EMEA arm of Citi Venture — which handles the bank’s venture capital investments and innovation partnerships with external companies — will find a new home in the innovation centre.