These are areas where female representation has typically been more challenging than in other areas of banking and financial services, the bank noted.
Citi has rolled out a new programme in Asia Pacific (APAC), in support of the bank’s commitment to gender diversity.
Through this new programme, known as the Early ID Women’s Leadership Programme, the bank is targeting at least 50% female representation in its annual summer analyst intake for its Investment Banking (IB) and Markets and Securities Services (MSS) businesses.
In a recent press release, the bank noted: "These are areas where female representation has typically been more challenging than in other areas of banking and financial services. Through the programme, Citi aims to invest and develop a pipeline of potential female bankers for these businesses."
About the Early ID Women's Leadership Programme
First piloted in North America in 2017, the Early ID Women's Leadership Programme aims to identify, mentor, and hire diverse talent early. It is open to students prior to their penultimate year in college or university, and candidates selected for the programme can secure early spots in Citi’s Summer Analyst Programme.
The 50 high achievers selected for the inaugural programme in APAC will have a chance to be recruited early for Citi’s 2022 IB and MSS Summer Analyst programmes.
Split equally between the IB and MSS streams, the 50 candidates were selected from a pool of over 1,200 applicants from over 590 tertiary institutions worldwide. Upon the completion of Early ID, they will each have a chance to interview for a spot in the respective 2022 Summer Analyst programmes. Those who are successfully selected will have the opportunity to work in Singapore, Hong Kong, India, China or Korea.
Since mid-April, the candidates have been part of a virtual five-week Early ID programme which includes:
- One-on-one mentoring with key business representatives;
- Virtual training and business specific workshops;
- Networking opportunities with senior representatives across the bank; and
- Intensive interview preparation.
Sharing more on the programme, Ingrid D’Lima, Head of Campus Recruitment and Employer Brand for Citi Asia Pacific, said: "Early ID Candidates who are recruited for Citi’s Summer Analyst Programme will later have the opportunity to join the bank as entry-level hires through our Full Time Analyst Programme, enabling us to build a stronger pipeline of female talent for our Investment Banking, and Markets and Securities Services businesses. Through these efforts, we hope to be able to advance female representation not just for Citi, but the broader financial services industry."
Citi’s annual Summer Analyst Programme, she added, is a 10-week internship aimed at high achieving penultimate year students and offers hands-on work exposure, as well as mentorship and training. The Full Time Analyst Programme aims to convert as many successful summer analyst candidates as possible, and is a two-year programme which gives entry-level hires access to networking, mentorship, and ongoing training and development.
Photo / 123RF