Citigroup Said to Hire Seven Bankers in Japan on M&A Outlook

Citigroup Inc. is hiring seven bankers in Japan in anticipation that more companies will make cross-border acquisitions and restructure, two people with knowledge of the situation said.

The recruits include two senior and five junior staff, said the people, who asked not to be named as the information is private. Masao Yoshikawa will join Citigroup as managing director and head of Japan M&A on Nov. 1, according to an internal memo. Tokyo-based spokeswoman Mika Nemoto confirmed the contents of the memo while declining to comment on the hiring.