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 around the region. And the hiring does not appear to be a flash in the pan with another 8 to 10 analysts expected to be hired by the end of the year.
The catalyst for...
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