Citigroup Inc. (C:US) hired Bjoern Wiegelmann from Deutsche Bank AG (DBK) and Nicolas Dujols from Capula Investment Services for its credit trading business in London.
Wiegelmann will join in October as a senior trader, reporting to Phil Gee, head of investment-grade credit trading, according to Edwina Frawley-Gangahar, a Citigroup spokeswoman in London. Dujols was hired as a credit index trader, reporting to Gabriel Roberts, global head of index trading.
“Despite the recent volatility we continue to see long- term opportunities in the European credit markets,” Tim Gately, London-based head of Europe, Middle-East and Africa credit trading said in an e-mailed statement. “The additions of Bjoern and Nicolas are part of our broad strategy to expand our client franchise in Europe.”
Citigroup’s first-quarter fixed-income trading revenue jumped to $4.7 billion from $1.7 billion in the last three months of 2011 and $4 billion a year earlier, the New York-based bank said on April 16.
To contact the reporter on this story: Patricia Kuo in London at firstname.lastname@example.org
To contact the editor responsible for this story: Faris Khan at email@example.com