Citigroup is the financial services company most prolific at making international expansions, followed by Banco Santander and HSBC Holdings. GlobalData’s financial services foreign direct investment (FDI) company report highlights the current foreign investments made by leading financial services investors. Buy the report here.
Citigroup has been the most active financial services greenfield investor between Q1 2019 and Q4 2023, according to GlobalData’s FDI Projects Database. The Parent_clean company has been actively investing through several of its subsidiaries/company divisions.
Greenfield foreign direct investment is when a company invests abroad to establish a new physical presence or expand an existing operation. Greenfield investments create jobs and/or involve a capital investment into the foreign location. Other forms of FDI, such as mergers and acquisitions, are not included as part of this definition.
The majority of Citigroup investments were in the commercial banking subsector. In fact, 64.7% of its total foreign investments were in this subsector. It also created projects across a further 3 subsectors.
By business function, most (74.5%) of Citigroup projects were related to financial services.
The company has been active across eight world regions, mainly focused on Asia which received 39.2% of the company’s greenfield investments between Q1 2019 and Q4 2023. Its top three destination countries (by number of greenfield FDI projects) were India, Singapore and Poland. Combined these three countries account for 39% of its total number of financial services investments.
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By GlobalDataCitigroup created more FDI projects in 2022 compared to any other year between Q1 2019 and Q4 2023.
Other leading FDI project generators in the financial services industry include Banco Santander, HSBC Holdings, Allianz and JPMorgan Chase.
The US is the leading source market for outbound financial services greenfield FDI projects. The country accounts for 21.6% of total outbound financial services investment projects. There have been 412 unique parent companies from the US that have announced financial services FDI projects between between Q1 2019 and Q4 2023.
To further understand the top financial services FDI companies, access GlobalData’s Top financial services Foreign Direct Investment Companies report.
