Citigroup controls private equity poaching wind and requires newly promoted analysts to disclose whether they have received external job invitations.

In order to cope with aggressive recruitment practices by private equity firms, Citigroup has required new hires in its investment banking division to disclose whether they have received job offers from other companies. According to an internal memo sent to analyst supervisors by Citigroup on Monday, first-year analysts will be required to fill out a "declaration form" with the goal of "creating a fair and transparent environment." Sources familiar with the matter revealed that this declaration form is expected to be a one-time document, but the bank may also require analysts to update it annually.