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Citigroup Plans to Hire 20 Bankers for European Team

Citigroup Inc., the third-largest U.S. bank, plans to hire as many as 20 senior corporate and investment bankers in Europe in the first-half of 2011 as it rebuilds a team weakened by departures.

The lender will add managing directors and executive directors in London as well as bankers in Russia, Turkey and the Middle East, Manuel Falco and James Bardrick, Citigroup’s joint heads of banking in Europe, the Middle East and Africa, said in an interview. The New York-based firm has about 1,000 investment and corporate bankers in Europe, the Middle East and Africa.