Citi has moved to expand its rates trading team with a string of new hires from across the street, The TRADE understands.
According to an internal memo, Courtenay Watson has been appointed managing director in London, effective from August, and will cover the bank’s European Government Bond (EGB) trading business.
Watson joins from BNP Paribas where she had been head of peripheral EGB trading. Prior to her most recent stint at BNP Paribas, Watson previously spent several years at Nomura in a rates trading role, as well as previously serving in intern roles at JP Morgan Chase, Nomura and Deloitte.
Also appointed alongside her is Moussa Haidara who has been appointed to join Citi’s rates trading team in Paris as a director after most recently operating at JP Morgan.
Haidara has previously served in several other EGB trading roles across Credit Agricole and Deutsche Bank, as well as a quantitative research and strategy role at Natixis.
“We are committed to attracting exceptional talent to maintain our leading position across products and regions in rates trading,” said Geoff Weber, head of G10 flow rates trading in the memo seen by The TRADE.
Also appointed to join the rates trading team at Citi are Fiachra Harnett and Michele Beretta who join as a director and vice president respectively.
Harnett joins after most recently serving as Morgan Stanley’s head of sovereigns, supranationals and agencies (SSA) Trading in London. Beretta joins Citi’s EGB team from Deutsche Bank after also previously serving in a EGB trading role at NatWest Markets.
In the US, Yun Zhou has also been appointed managing director in interest rate options trading based in New York. Zhou joins from Brevan Howard after also previously undertaking a stint at Morgan Stanley in an interest rate trading focused role.