Citigroup has poached Nomura global head of futures and options

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Citigroup has taken advantage of the exodus of senior traders at Nomura by hiring John Macpherson, the former global head of futures and options at the Japanese bank.

Macpherson joined Citigroup in April in a similar role, according to sources close to the situation, following his departure from Nomura in February.

He had been with Nomura a little over a year, having joined from Goldman Sachs in September 2013. Macpherson was promoted to managing director at Goldman in 2010.

Macpherson's arrival is a rare coup for Citigroup this year, which lost a number of senior traders and bankers in 2013 and 2014. And, as we reported earlier this week, the recruitment of Murray Roos, who joined as global head of sales for equities and prime finance, could be lined up as a replacement Derek Bandeen, Citi’s London-based head of global equities.

But while Citi’s equities trading business is in a state of flux, Nomura’s trading functions are scaling down after a year of expansion. It trimmed its equity derivatives business in February with Nikhail Reddy, Henry McWatters, Paul Keeble, Amar Makhija and Niels Verbeek all departing, according to Financial News.

Citigroup did not respond to requests for comment.


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