Oct 22 (Reuters) - Britain's biggest retailer Tesco Plc said it hired Citigroup Inc as joint corporatebroker, replacing Deutsche Bank.
Citigroup will work alongside existing broker Barclays Plc, Tesco said.
The move follows a shake-up of the food retailer's business,which saw a new finance chief parachuted in and the replacementof its old auditor, PricewaterhouseCoopers, with Deloitte.
Tesco said last September it had overstated first-halfprofits by 250 million pounds ($385 million) due to incorrectlybooking payments from suppliers, a figure it later raised to 263million pounds.
The scandal led to the suspension, then exit, of severalsenior executives, and sparked investigations by Britain'sSerious Fraud Office, accounting watchdog the FinancialReporting Council and a grocery industry watchdog.
($1 = 0.6496 pounds) (Reporting by Rama Venkat Raman in Bengaluru; Editing by ElaineHardcastle)