Citigroup Inc. plans to double the size of a team helping pension and government-backed funds manage direct hedge fund investments, said Nick Roe, its global prime finance head.

The targeted increase of the now 30-person consulting team may be completed within 18 to 24 months, Roe, who is based in London, said in an interview in Hong Kong late last week. Asia may get a disproportionate number of the additions as the bank expands the services from Europe and the U.S. to the region, he said.

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