March 22, 2010 / 2:00 PM / 10 years ago

Citi to double hedge fund advisory team-Bloomberg

* Bloomberg quotes bank’s global prime finance head

* Majority of new recruitment may came in Asia

* Team currently employs 30 people

March 22 (Reuters) - Citigroup Inc (C.N) expects to double the size of its team that advises institutional and government fund clients on hedge fund investments, the bank’s global prime finance head, Nick Roe, told Bloomberg in an interview.

The team, which currently employees 30 people, may be doubled within 18 to 24 months, Roe was quoted as saying.

The majority of the new recruitment may came in Asia as the bank expects to deepen its offerings in that region, he said.

A Citigroup spokeswoman in New York confirmed Roe’s comments. (Reporting by Sakthi Prasad in Bangalore, editing by John Wallace)

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