Citi Targets $700 Billion of Prime Balances in Hedge Fund Push

Citigroup Inc. is aiming to boost its prime brokerage balances to more than $700 billion by 2028 — more than triple the amount it had in 2022 — as the bank seeks to deepen its ties with hedge fund clients.

That tops the $450 billion of prime balances in 2025 and $200 billion in 2022, according to a presentation Thursday at Citigroup’s investor day.