Citigroup has made four new hires to its derivatives business in the emerging markets, as the US bank pushes ahead with longer-term plans to generate half of its revenues in developing economies.

The US bank has hired Imraan Moola, Steve Holden, Luzuko Tashe and Shiran Samuel across its equity derivatives sales and trading team in central and eastern Europe, the Middle East and Africa, according to a statement from the bank.