Vikram Pandit, who ran Citigroup during the financial crisis, said developments in technology could see some 30 per cent of banking jobs disappearing in the next five years. Artificial intelligence and robotics reduce the need for staff in roles such as back-office functions, Pandit, 60, said Wednesday in an interview with Bloomberg Television’s Haslinda Amin in Singapore. He’s now chief executive officer of Orogen Group, an investment firm that he co-founded last year. “Everything that happens with artificial intelligence, robotics and natural language — ...
30% of bank jobs may disappear in next five years, says former Citi CEO
Wall Street's biggest firms are using technologies and are forcing many employees to adapt or find new positions
Chanyaporn Chanjaroen | Bloomberg Last Updated at September 14, 2017 02:10 IST