Citi Prime Brokerage’s Roe To Quit

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.

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