Citi’s local business insulated from job axe as bonus season nears

The Australian and New Zealand business, which employs about 900 people, is part of Citi’s banking and international organisation. Some local back office jobs have already been terminated when the bank laid off employees late last year.The changes at Citi are the latest upheaval in Australia’s investment banking industry. Credit Suisse, a long-time presence, no longer exists as its own business after being acquired by UBS, and many of its most senior staff have left for rivals, including its..