Citi’s head of trading, Paul Clifford, has swapped the sell-side for the buy-side, joining BlackRock as a senior multi-asset trader.
London-based Clifford joins after 11 years at Citi, where he initially started as a multi-asset trader, covering program and single stock equities, and investment grade bonds.
He later took on the role of head of trading in August 2017 and held the role for more than eight years.
Prior to his time at BlackRock, Clifford spent two years at HSBC as head of equities execution trading, EMEA. He has also served as a senior execution trader at the firm.
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Previously in his career, he also worked at Societe Generale, as a corporate bond trader, and a Japanese warrant trader, based in Tokyo.
BlackRock had not responded to a request for comment at the time of publication.
In July, BlackRock promoted former co-head of global trading, Daniel Veiner, to the role of head of markets.
In his new role, Veiner oversees trading, origination, corporate access and ETF markets for the firm.