A JPMorgan trader left Citi after less than 12 months
Citi is understood to have let go of a trader it hired from JPMorgan in London less than a year ago.
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Aditya Singhal spent 13 years at JPMorgan before joining Citi as head of CEEMEA rates trading in July 2023.
Citi declined to comment, and Singhal didn't respond to a request to divulge his whereabouts.
Jane Fraser warned people that this week would be harsh at Citi as it moves into the final phase of its 5,000 (initial) job cuts. However, those job cuts are supposed to involve the extraction of managerial layers, not the dismissal of people on the trading floor.
Singhal isn't the only senior EMEA rates trader leaving a bank this week. Carl Scott is also leaving Barclays, although Bloomberg reported that he "decided" to go.
It's not clear who will be replacing Singhal at Citi. He was a director there. Citi promoted Aaron Gregory, a longstanding director in CEEMEA trading at the bank to managing director (MD) in January 2024.
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