Citi is building out its equity derivatives function

eFC logo

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

Popular job sectors


Search jobs

Search articles