Asia Investment Banking Expansion Continues as Citi Adds Senior Bankers

Asia investment banking activity remains resilient as Citigroup plans to add senior bankers in Japan and China to strengthen its regional deal pipeline.

The hiring push follows a global restructuring and reflects continued demand for cross-border mergers and acquisitions despite geopolitical uncertainty.

Citi said Japan offers strong opportunities as governance reforms, restructuring and activism drive deal activity, while in China the bank is targeting high-growth sectors as it awaits approval for a securities unit.

Asia investment banking momentum is also supported by Hong Kong’s IPO market, which has raised more than HKD140bn (USD18bn) by late April, marking its strongest start since 2021.