As banks and Wall Street firms fight for talented corporate bankers, Citicorp has experienced an exodus from its high-powered corporate finance unit.

In the last eight months, at least 30 executives in Citibank's "global relationship bank" have taken jobs at other commercial and investment banks. Defectors apparently made up large portions of some key groups within the finance unit; six of 25 bankers serving financial institutions have departed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.