Mr. Janos Koka, Minister of Economy and Transport for Hungary, together with Mr. Sajjad Razvi, Citigroup Country Officer for Citibank Zrt. and Mr. Attila Bukovszki, head of Citibank International Plc. Hungary branch today formally inaugurated the Citigroup Global IT Service Center in Budapest.
This center of excellence provides Information Technology (IT) related services for Citigroup entities all around the world. Citibank International Plc., a member of Citigroup, today announced the expansion in the functions of the Citigroup Global IT Service Center and the launch of two new Service Centers within Citibank International Plc. Hungary branch.
One of the two new centers of excellence, the Finance Support Service Center, which began operations recently, currently has 25 professionals providing Product Control Services and Forecast Funding Unit Services for Citigroup entities in Western Europe. The other one is a Business Services Center which will be opened in the near future and will provide general administration services. The expansion of the existing Service Center and the launch of the new Service Centers in Hungary will create an additional 140 jobs for talented Hungarian professionals. There is also scope for significant further expansion in the medium term. The Service Centers currently employ 140 professionals.
Mr. Janos Koka, Minister of Economy and Transport said: "Knowledge and highly skilled workforce is the core of Hungary's competitiveness. Building on these values Citigroup established its Global Service Center in Hungary and is planning further expansion. This decision of the company is a clear evidence of the investors' ongoing confidence in Hungary, which contributes to Hungary's sound economy."
Mr. Sajjad Razvi, Citigroup Country Officer for Citibank Zrt. and Division Executive for Citigroup's Corporate and Investment Banking business in the Central Europe Division said: "We are delighted to be able to create a great number of new jobs for talented Hungarian professionals. We develop and grow talent locally and share Citigroup's global knowledge base which has a history of more than 200 years. This is only the beginning of a long-term commitment on our side to expand the functions and create further new jobs in Hungary."
Mr. Terry O'Leary, Regional Head for EMEA Technology Infrastructure said: "Hungary has proved its ability to provide quality support in numerous IT functions. The good infrastructure and skilled professionals have created a solid base for our future growth plans."
Mr. Attila Bukovszki, head of Citibank International Plc. Hungary branch said: "We are very satisfied with our experiences we have gained during our short operations in Hungary. We decided to expand the Citigroup Global IT Service Center and bring two new centers of excellence in Hungary, because we believe that the country has a well developed infrastructure, a sound legal environment and stable governance. Besides, there is a well educated, highly skilled talent pool with strong language skills and work ethics and all the above is complemented by a competitive cost structure."
The Citigroup Global IT Service Center in Hungary currently offers the following services:
- Threat Assessment (CTAC), Performance Engineering, SQL Database Administration, Log Review (ALERT), Global Deployment and Packaging services globally
- Information Security Administration (ISA), Avaya IPT Support, Risk and Business Office Administration and Network IPT Operation Quality Management services for the Europe, Middle-East and Africa region
Media Contact:
Eva Hencz, Vice President, Public Affairs Officer, Citibank Zrt.
Tel: +36 1 374-5307, Mobile: +36 30 250-7473, Fax: +36 1 374-5378
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