Investment bank and financial services firm Citigroup is committing to a hybrid working arrangement for its staff.

Its chief executive, Jane Fraser, initially told staff that the bank would be adopting hybrid working as a long-term strategy in March 2021, shortly after she started in the role.

On the firm’s last quarterly call, she told managing directors and executives that it would be sticking to its hybrid-working policy, because she believes offering staff the opportunity to continue to work up to two days a week at home will give the bank a competitive advantage.

Citigroup confirmed that it remains committed to its hybrid work model and is proud of the flexibility it provides its employees. The majority of them currently work on a hybrid schedule of at least three days per week in the office and up to two days remotely, while most of its traders and staff in bank branches have to be at their desks five days a week.

Citigroup declined to comment further.

The firm also offers its employees globally programmes and services for physical and mental wellbeing, including telehealth options, health advocates, and confidential counselling, with coverage varying by country. They also have access to financial wellbeing support, volunteer opportunities and a paid parental leave policy, as well as other paid leave packages.

Topics