Citi (C) Forms Financial and Strategic Investors Group in Banking

AI Summary

Citi (C) has established a new Financial and Strategic Investors group within its investment banking division. This move follows the hiring of a Lazard executive, signaling a strategic shift in their approach to client services. The creation of this group aims to enhance Citi's capabilities in managing capital for financial investors. This development may influence Citi's competitive positioning in investment banking and potentially attract more clients in this segment.