Citi needs 500 bankers and traders to help it ride the "global genie" train.
Citigroup plans to hire more than 500 bankers and traders over the next two years to strengthen its securities business and make up the ground lost to its rivals during the financial crisis...The plans are part of Citi’s strategy to put its troubled past behind it and harness its global presence and a large cash payment division that gives it access to companies and governments.
“The global genie is not going back in the bottle,” John Havens, Citi’s president, told the Financial Times. “As a bank we are in a position to serve our clients wherever they are and that is something not many of our competitors can say. Going global is not easy.”