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Citi to Double Paris Trading Staff in Post-Brexit Adjustment

  • Trio of FX traders have best views of the Eiffel Tower for now
  • Bank has moved, hired traders across Europe following Brexit
Bloomberg business news
WATCH: Paris has turned into a trading cluster, well ahead of Frankfurt or Dublin.Source: Bloomberg
Updated on

Citigroup Inc. is building a new trading floor in Paris as the Wall Street giant prepares to nearly double its staff in the French city. 

The new floor in its existing building — located steps from the Avenue des Champs-Élysées and the Arc de Triomphe — will help Citigroup increase staffing for its trading division to 250 in the coming years, up from 130 currently, said Fabio Lisanti, head of the bank’s trading business across Europe, excluding the UK. The new floor is set to include at least 85 desks.