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Citigroup chooses Frankfurt as its new European trading hub

Citigroup has decided on Frankfurt as its latest European trading hub and intends to show this option to its board of directors this week for their approval, according to an individual with knowledge of the plan.

The decision means it will create between 150 and 250 new jobs in Frankfurt, according to the individual, who asked to remain anonymous in discussing internal policies.

The person went on to say that a decision has yet to be taken on whether the roles will be filled through hiring locally or through moving exiting staff, probably a combination the person said.

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