For Immediate Release Citigroup Inc. (NYSE: C)
Citi Invests $1.5 Billion into London Headquarters, Builds on Citi’s Long-Standing Commitment to UK
HIGHLIGHTS
- Citi is investing $1.5 billion to redevelop its UK headquarters in London, underscoring its long-standing commitment to the UK and its role as a leading financial centre.
- As Citi’s second-largest market, the investment boosts UK economic development, with approximately 65% of the funds directed to local businesses and labour, supporting nearly 6,000 jobs.
- Colleagues will begin moving into the newly refurbished Citi Tower in Q2 2026, a best-in-class facility serving as a key hub for a wide range of global clients and for many of the bank’s senior leaders.
LONDON — Citi is investing $1.5 billion into the redevelopment of its UK headquarters in London, underscoring its deep and long-standing commitment to the UK economy and London as a financial centre.
As part of US President Trump's state visit to the UK, CEO Jane Fraser reaffirmed Citi’s plans to continue substantially investing in its UK operations, contributing to the economy, fostering innovation, and serving a wide range of clients.
A significant portion of that investment, approximately 65%, is going directly to UK-based businesses and labour, showing Citi's strong support for the local economy. This focus on local sourcing has brought in many small and medium-sized enterprises and specialized manufacturers from across the country. Additionally, the redevelopment project is a major source of local jobs. At the time of completion, almost 6,000 people will have worked on the project, many of whom live within a 25-mile radius of the building.
This significant investment, which I am pleased to say is progressing on schedule and within budget, underscores Citi’s deep roots and future ambitions in the UK. As our second-largest market and a critical financial hub, the UK holds strategic importance to how we serve our clients globally. We are proud to reinforce our role both as a financial institution and as a key contributor to economic prosperity and regional development across the country."
The UK is home to approximately 14,000 Citi employees in four main sites – London, Belfast, Edinburgh, and Jersey – and serves as a base for many of Citi’s most senior global leaders.
Our investment into the Citi Tower is about more than bricks and mortar, it's a direct investment into the heart of the UK economy, supporting regional growth and local businesses while creating jobs. It’s a statement to our thousands of colleagues that they deserve best-in-class workspaces and to our communities that they deserve our lasting commitment.”
Citi continues to help fuel the UK economy – serving 85% of the companies comprising the FTSE100 and participating in over 70 equity capital raises for UK companies, helping them raise over $60 billion since 2020. Citi has also been involved in close to 800 debt financing transactions (including syndicated loans) helping UK companies raise over $1.2 trillion. The investment made in Northern Ireland over the past 20 years has established Citi one of the top employers in Belfast.
Colleagues will begin moving into the newly refurbished Citi Tower in Q2 2026, pending required approvals, with the process continuing throughout the year.
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 more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
Media Contact
Belinda Marks, Head of UK Communications belinda.marks@citi.com