Citi Plots New Trading Floor, Plans to Double Staff in Paris (1)

Citigroup Inc. is building a new trading floor in Paris as the Wall Street giant prepares to nearly double its staff in the French city.

The new floor in its existing building — located steps from the Avenue des Champs-Élysées and the Arc de Triomphe — will help Citigroup increase staffing for its trading division to 250 in the coming years, up from 130 currently, said Fabio Lisanti, head of the bank’s trading business across Europe, excluding the UK. The new floor is set to include at least 85 desks.

“It’s going to be a mixture of hiring and ...