Sunday, 21 September 2014
Last updated 1 day ago
Jul 21 2014 | 10:29am ET
A top Citigroup prime brokerage executive is set to leave the bank after more than a decade.
Nick Roe will step down in September, Financial News reports. Citi said he would pursue other opportunities in an internal memorandum without specifying Roe’s plans.
Roe was global head of prime finance at the bank from 2008 until earlier this year, when he was named head of investor services for Europe, the Middle East and Africa, following Citi’s merger of its prime brokerage and fund services businesses. He joined Citi in 2005 from Deutsche Bank to help the firm expand its international prime brokerage business. He was global head of prime brokerage at Germany’s largest bank.
Roe “was instrumental in developing our prime finance and futures franchises globally and we thank him for his valuable contributions to Citi over the last nine years,” Citi said in the memo.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.