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Citigroup Looks to Hire ‘MVP’ Dealmakers Amid Trading-Unit Cuts

  • Bank seeks experienced bankers for high-growth industries
  • Hiring comes after Citi combined banking and capital markets
A Citigroup Inc. Bank Location Ahead Of Earnings Figures
Photographer: Mark Kauzlarich/Bloomberg

When it comes to banking the titans of Silicon Valley, Citigroup Inc. is tired of being left out.

The firm is betting that a raft of senior hires from Goldman Sachs Group Inc. and Deutsche Bank AG, along with a revamped investment-banking division and plans for further expansion in the U.S., will help improve its standings for advising on tech mergers and IPOs. The same goes for the health-care industry.