> ## Content Index
> Fetch the complete content index at: https://www.theglobalbanker.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Citi Forms AI Infrastructure Banking Team
- URL: https://www.theglobalbanker.com/citi-launches-global-ai-infrastructure-banking-unit/
- Published: 2026-02-26T06:00:00.000Z
- Updated: 2026-10-02T10:09:20.000Z
- Description: Citigroup has formed an AI Infrastructure Banking team, drawing on leaders from its investment banking and corporate banking businesses to target the build-out of data centres, computing and AI infrastructure. The bank estimates $3 trillion of capital will be needed by 2030 for AI infrastructure.
- Author: TGB Editorial Team
- Tags: Banking News, Americas

Citigroup has formed an AI Infrastructure Banking team, confirmed by a Citigroup spokesperson on 25 February 2026 after Bloomberg reported it, to focus on the build-out of data centres, computing and AI infrastructure. The bank estimates that $3 trillion of capital will be needed by 2030\. The team includes leaders from Citi's investment banking and corporate banking businesses, who keep their existing titles, among them Ric Spencer, vice chair of technology; Ashish Agrawal, co-head of real estate; Alex Watkins of technology financing; Doug Baird, head of technology corporate banking; and Ben Mortimer, a digital infrastructure M&A banker.

#### INFRASTRUCTURE DEMAND

Citi estimates the AI infrastructure build-out will require $3 trillion of capital by 2030; in September 2025 it projected that AI infrastructure spending by big technology companies would exceed $2.8 trillion through 2029\.