Citi taps Morgan Stanley for futures clearing and collateral sales head

Jason Massey worked as an executive director for listed derivatives sales at Morgan Stanley for more than seven years.

One of Morgan Stanley’s senior European listed derivatives salespeople has departed for a role at Citigroup, according to an internal memo seen by The TRADE.  

Jason Massey will join Citi as EMEA head of sales for futures, clearing and collateral (FCC) later this month, having worked at Morgan Stanley for more than seven years.

He has more than 30 years’ experience, working at UBS for over 22 years before joining the US bank in 2010.

He will be based in London and will report to Danny Caplan, EMEA sales head for prime, futures and securities services.

Massey will work closely with Chris Stone, EMEA head of sales for futures execution, and Sabrina Wilson who is joining Citi as global head of electronic and algorithm trading for listed derivatives from Deutsche Bank.

Caplan explained in the memo Citi has made significant gains in the derivatives space globally, having recently been ranked third for exchange-trade derivatives in Coalition’s investment banking league table.

“We are delighted to add individuals of this calibre to the team, a further demonstration of our commitment to providing clients with market-leading products and solutions,” he said.