Friday, 22 May 2015
Last updated 2 hours ago
Dec 4 2008 | 10:03am ET
Citigroup has reportedly cut 15% of its Citi Prime Finance staff, including 14 members of its New York office. Five of those took severance packages; the rest were laid off.
As part of the downsizing, Citi’s prime brokerage group will no longer offer business consultancy services to hedge funds, Hedge Fund Alert reports. It remains committed to other services including clearing, securities lending, capital introduction and execution.
A call to Citi was not returned by press time.
In other firm news, Citigroup has named managing director Christopher Gammons as its head of private equity banking in Asia, replacing Christopher Laskowski, who is relocating to Chicago, where he will remain at Citigroup as a private equity banker.
Laskowski, who spent the last five years heading up the private equity banking group at Citigroup, will handle deals for mid-western based buyout firms and hedge funds, Reuters reports.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…