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Citigroup's head of corporate derivatives trading quietly moved aside

Something has occurred at Citi. Insiders say that Gilles Dahan, who has been with the bank since the beginning of time (1999) is no longer in his role.

Dahan was Citi's head of strategic equity solutions (effectively corporate equity derivatives trading). French by birth, he joined the bank straight out of university and has occupied pivotal roles in Citi's equity derivatives trading business since at least 2008. 

Citi declined to comment on Dahan's disappearance, or what he might do next. Dalman remains employed by Citi according to FINRA, but is likely to leave unless an alternative role can be found.

Dalman's demise as a senior Citi trader comes as Steve Roti, whom Citi hired from Nomura in 2015, is thought to be stamping his authority on the business more strongly. Citi ranked between fourth and sixth for equity derivatives globally in 2018 according to Coalition. Last November, Citi hired Jason Cuttler, a former Goldman Sachs MD, as head of its equity strategy trading team.

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AUTHORSarah Butcher Global Editor

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