The shake-up within Citi’s equities team continues. It’s just promoted Antonin Jullier, formerly head of equity trading strategy, to lead its equities sales team.
Jullier, who has been with Citi for over seven years having joined from Talaris Capital in 2008, has just been promoted to global head of equities sales, based in London.
He was formerly the high-profile head of equity trading strategy at Citi – a role he’s held since June 2011 – but has held various senior positions at the bank. He joined as European head of equity trading strategy, but moved to co-head of equity trading for EMEA in January 2010. His latest job is his first global leadership position at the bank.
Jullier’s promotion is the latest in a long line of changes within Citi’s equities team. In July last year, it hired Vincent Folliot from Bank of America Merill Lynch as co-head of EMEA strategic equities and also promoted Alessandro Amicucci into the same role.
In May last year, it named Murray Roos and Dan Keegan as co-heads of its global equities business. Roos raided his former employer – Deutsche Bank – to hire Leonie Ryan as a managing director within its equities business. Before this, it brought in Dirk Keijer, formerly head of equity derivatives sales for Europe at Goldman Sachs, as head of equity derivative sales for EMEA and Quentin Andre, also from Goldman, as head of global structured sales.
Like most investment banks, Citi’s equities business could do with an injection of revenues. Last year, revenues slipped by 9%. Across the top investment banks, which generally posted declines in equities revenues in 2016, this is a relatively shallow fall. However, among U.S. investment banks, only Goldman Sachs – with a 12% drop – fell more than Citi.
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