Citi’s Balkan To Silver Point

Jul 10 2014 | 6:08am ET

Another Citigroup executive has left the bank for a hedge fund.

Scott Balkan, Citi’s head of distressed debt, is set to join Silver Point Capital as a trader. Balkan is at least the fourth executive to join a hedge fund from the bank this year: Balkan’s exit follows those of Michael Pringle for Moore Capital Management, Simon Yates for Two Sigma Investments and Jeff Feig for Fortress Investment Group.

Pringle was global head of equities trading at Citi, Yates head of equity derivatives and Feig global head of foreign exchange.

Balkan spent two years leading distressed debt at Citi, having previously handled investment-grade bond trading.

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