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http://www.businessweek.com/news/2012-06-22/citigroup-hires-deutsche-bank-s-wiegelmann-for-credit-trading

Bloomberg News

Citigroup Hires Deutsche Bank’s Wiegelmann for Credit Trading

June 22, 2012

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 pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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