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Citigroup to double fintech deals team in Europe as fees soar

Bank looks to bulk up as dealmakers race to cash in on lucrative revenue stream

With a surge in transactions predicted again this year, Citi is trying to get ahead of the competition
With a surge in transactions predicted again this year, Citi is trying to get ahead of the competition Photo: Getty Images

Citigroup is set to double its number of dealmakers focused on advising fintech companies in Europe, with fees from the sector predicted to spiral in the coming years. 

The US investment bank is hiring for a new, dedicated team of bankers focused on the fintech sector, according to Mark Tweedie, who was promoted to head up Citi’s fintech corporate and investment banking team in Europe, the Middle East and Africa in September.

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