Monday, 22 December 2014
Last updated 7 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.