Financial services firm Citigroup ( C) wants to expand its Asia markets division by 150 positions this year, Reuters reported on May 31.

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Citi is looking to hire more people in order to bolster its equity, commodity and foreign exchange businesses in the region, Reuters reported.

"Commodities is a space where we have not been punching our weight in Asia in the breadth and depth or products, but that is changing fast," Rodrigo Zorrilla, Citi's Asia Pacific head of Markets, told Reuters during an interview.

Citi is planning to hire at about the same pace as in 2010, according to the report.

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