His group now employs 10 people in power and gas trading and sales in the region. Citigroup will boost its commodity sales staff by 15% from the 80 people it has now, Jose Cogolludo, head of sales in New York, said last month.
'We continue to see opportunities in the European utilities sector, as the risks that the participants need to manage are only increasing' even as they reduce operations because of financial pressures, Staley said.
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image: © Elliott Brown