Public Event Detail
Citigroup Expands Asia-Pacific Prime Brokerage Hiring as Regional Hedge Fund Competition Intensifiess
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2026-05-14JPMJPMorgan ChaseAlpha Vantage Newsalpha_vantage_news
Event summary
Citigroup (NYSE: C) plans to increase its Asia-Pacific prime brokerage staffing by approximately 10% by the end of 2026, focusing on Singapore and India, to boost its hedge fund servicing operations in the region. This expansion aims to capture a larger share of hedge fund activity and achieve over $700 billion in prime brokerage balances by 2028. The initiative comes as other major banks are implementing workforce reductions, highlighting Citi's strategic investment in this growth area.
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