Citi’s Investment Bank Plans to Hire 2,500 Coders This Year
- Computer specialists in demand with rise of electronic trades
- Wall Street bank spent about $8.5 billion on tech last year
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Citigroup Inc. plans to recruit 2,500 programmers this year for the unit that houses its traders and investment bankers, bulking up on coders and data scientists as technology reshapes the business.
Roughly three-quarters of the company’s trade orders last year were electronic, according to Stuart Riley, global head of operations and technology for the bank’s Institutional Clients Group. The ICG arm will add programmers in locations from New York to Chennai, India.