This time last year, Citi brought David Haldane across from Australia to lead, and build, its equity derivatives business in Europe. Its expansion has been a slow burner – hires have been unveiled here and there, but it’s brought in some more senior people in the past couple of weeks.
Nikhil Reddy, a director at Nomura who left during the trimming of its equity derivatives business in February, has now signed up to Citi, according to sources close to the situation.
Meanwhile, Anurag Jodhawat, a partner and portfolio manager at hedge fund Areski Capital and a former director in emerging markets equity derivatives trading at Bank of America Merrill Lynch, has also signed up to Citi’s team.
Citi also brought in Emmanuel Girod, the former head of global equity-linked trading at Bank of America Merrill Lynch, in March. Arnaud Lannic, BAML’s European head of exotics was also rumoured to be joining Citi in May, and John Macpherson, the global head of exotics at Nomura, was hired by Citi in a similar role in April.
Citi’s hiring spree is not necessarily indicative of a broader trend in equity derivatives recruitment.
Of the exits at Nomura, only Reddy and Paul Keeble, an equity derivatives salesman who was a special adviser on Japanese equity related products at hedge fund Stratton Street Capital, have found alternative employment.
Henry McWatters, an ex-MD in equity derivatives sales at Nomura, Amar Makhija and Niels Verbeek, who all left the Japanese bank in February, appear to still be out of the market.
Related articles:
Working for GS, JPM, Citi, BAML and Morgan Stanley. – What’s the difference?Which big US bank will work you the least, pay you the most and be best in the area you want to work in?
The top universities for the 2015 analyst class at Goldman Sachs, J.P. Morgan and Morgan StanleyWant to work in the front office of Goldman Sachs, Morgan Stanley and J.P. Morgan? These are the universities they've hired this year.
High-paying hedge fund sees profits slide by 60%, increases money management headcount by 40%Tudor Capital's London operation has been expanding, despite a massive slide in profits.