Euromoney, November 2017
Citi is to add at least 25 bankers to its Belt and Road coverage team, in a signal that international banks are moving from vague comments about the potential of the Chinese international infrastructure policy to concrete action in expectation of lucrative work.
Citi says the additions – a combination of new hires and redeployments of existing corporate bankers – will take place over the next two years.
Gerry Keefe, corporate banking head Asia Pacific, says there is no clear need for additional teams in capital markets and investment banking, where the capacity is already in place. “A lot of this is going to be more about flow-type banking capabilities: cash management, trade finance, good old-fashioned lending,” he says. “That does require some additional resources.”
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