Citigroup (NYSE:C) Hires More Traders

Citigroup adds people to hedge fund business

Citigroup (NYSE:C) has hired 13 more traders in its hedge fund business in order to strengthen and expand its "product and service offerings and [its] international footprint.”

The new recruits are specialists in trading and risk management and come mainly from competitors Morgan Stanley (NYSE:MS) and Barclays Capital, and have a lot of experience in their fields.

Looking to increase their No. 3 ranking in the specialized investment sector via their Global Prime Finance Group, which includes settlement, custody and financing services.