If you’re looking for a job in sales and trading, Citi is hiring.
As reported earlier this month, Citi is looking to build its equities business under Murray Roos, the man it hired from Deutsche Bank in May.
Recent filings on the UK’s Financial Conduct Authority (FCA) Register suggest the US bank has been swift to put its hiring policy into practice – and not just in equities. Over the past few weeks, it’s added Frederic du Jardin, an equity derivatives specialist and former head of mutual fund pricing at SocGen, and Mei Wah Tai, a former associate in prime brokerage from Morgan Stanley.
It’s also added Lorcan Cleary, a former VP in commodities trading from Credit Suisse in Hong Kong, Thomas McFarlane, a commodities index structure from Merrill Lynch, and Julien Faure, a European government bond trader from Credit Agricole.
Citi didn’t immediately respond to a request to comment on its new hires. Banks like Credit Suisse and Deutsche Bank are pulling back from and consolidating their prime broking activities respectively, creating an opportunity for Citi to push into the area. Similarly, the withdrawal from commodities trading by banks like Barclays has created opportunities for banks which remain committed to the area.