Old Lane, LTCM Vets Hired For Citi Risk Team

Feb 28 2008 | 8:09am ET

A trio of hedge fund veterans has been named to Citigroup’s risk management team in the wake of tens of billions of dollars in mortgage-related losses.

Brian Leach, who worked with Citi CEO Vikram Pandit at both Morgan Stanley and the latter’s Old Lane hedge fund, has been named chief risk officer. He succeeds Jorge Bermudez, the 33-year Citi veteran who has served in the post for just four months. Bermudez is retiring.

The Wall Street giant has also named Long-Term Capital Management co-founder Greg Hawkins to head risk management in the dicey real-estate and mortgage business, while Old Lane executive Adil Nathani will lead the bank’s structured-credit risk management team.

Citi also named Morgan Stanley and JPMorgan Chase veteran Charles Monet to head risk management for capital allocation, and Suneel Bakhshi to be chief risk officer of its global consumer group.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR