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SINGAPORE : Citigroup said it remains committed to the Asia Pacific region, and will continue to grow in key markets such as Singapore.
In a statement released on Tuesday, Citi Singapore said there will be modest headcount reductions here.
The lender said its business in Singapore continues to register robust year-on-year growth, and Singapore remains a regional centre for management and operations for Citi globally.
Going forward, Citi expects its headcount in Singapore to remain relatively stable.
The US banking giant announced on Monday it will cut 52,000 jobs worldwide in a bid to cope with heavy losses from the global financial crisis. - CNA /ls
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