Citigroup Says Flexible Work Gives It Edge Over U.S. Rivals

Investment bank co-head Falco sees new model as the future
Contrasts policies with more rigid stance at Goldman, JPMorgan

WATCH: Barclays and Citigroup are joining rivals in boosting efforts to retain staffers amid high levels of burnout. Nabila Ahmed reports.(Source: Bloomberg)

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By Steven Arons and Steve Dickson

June 30, 2021 at 11:26 AM UTC

Updated on

June 30, 2021 at 1:19 PM UTC

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Citigroup Inc. joined rivals including UBS Group AG in touting its flexible work policies as a tool that will offer a competitive edge in recruiting and retaining top staff.

The lender’s employees will have the option of working from home at least part time, investment banking co-head Manolo Falco said at a virtual press briefing on Wednesday. That will set the bank apart from some U.S. rivals that are taking a more hard-line approach to remote work, he said, naming JPMorgan Chase & Co. and Goldman Sachs Group Inc.