Citi Adds Ex-Lehman, Morgan Stanley Teams To Prime Brokerage

Mar 29 2010 | 11:56am ET

Citigroup is continuing its aggressive build-up of its prime brokerage team with 13 new hires, including teams from Barclays Capital and Morgan Stanley.

The new additions to Citi’s global prime finance group are based in New York and London, and are led by John Nicholson, named a managing director of U.S. trading, and Eric Hughson, who joins the European trading team. Nicholson comes to Citi from Barclays via Lehman Brothers, while Hughson formerly worked at Commerzbank.

“In a very short time, we have built a world-class prime finance business at Citigroup, and these hires are evidence that the momentum remains strong,” Nick Roe, global head of prime finance at Citi, said. The moves come just a week after Citi announced plans to double the size of its institutional hedge fund advisory team—part of the prime brokerage group—over the next two years.

Nicholson is joined by six other Lehman veterans. Five of the new hires, all directors, come from Morgan Stanley. The 13 are specialists in trading and risk.

Citi’s new hires were first reported by the Financial Times.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...