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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...