Citigroup explains its equity research drive

Adrian Faure, director of Asia-Pacific equity research, talks about Citi's hiring spree and its new research philosophy.

In an age where markets have recently nose-dived and global banks are looking to eliminate cost, research is one of the areas that invariably suffers the greatest. However, the aforementioned trend has not occurred at Citigroup, which over the course of the last 12 months has been doing some very bold things with its research platform in Asia.

First off - over the latter months of 2005 and thus far in 2006 - Citigroup has made over 20 research hires...

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