Citigroup plans to add 500 bankers and traders to better serve corporate and institutional clients in the next two years.
The hiring would boost the headcount in the firm's institutional services unit by 2.1% to roughly 24,500. Citi confirmed the strategy, news of which first appeared in the Financial Times.
Citi is also on the hunt for 300 private bankers in the U.S. and Asia, and CEO Vikram Pandit has pledged to add 7,500 workers in China by 2014. However, the company has been shrinking. In the past year, Citi's total headcount fell by 3,000, or 1.1%.
Write to FINSwire Team