Citigroup expands emerging markets equities team

Citigroup is expanding its equities team in central and eastern Europe, Middle East and Africa with a series of hires across sales, execution, research and equity derivatives.
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Citigroup is expanding its equities team in central and eastern Europe, Middle East and Africa (CEEMEA) with a series of hires across sales, execution, research and equity derivatives.

Igor Kan joins Citi from Morgan Stanley as a managing director and head of Russian equities. Ian Colville, Ben Cowley, Conrad Scheurkogel and Graeme Franck join CEEMEA sales in Moscow, London, New York and Johannesburg respectively. Clemens Baader, John Walker, Pavel Zinoviev and Yotam Bar Zion join CEEMEA trading in London, New York, Moscow and Tel Aviv, while Mario Arace, Ghada El-Ghotmeh and Zurab Kazbegi are appointed to CEEMEA sales trading in New York, Dubai and Russia. Earlier this year, Citi also appointed Imraan Moola, formerly at Credit Suisse, as head of CEEMEA equity derivatives.

Citi has stated it expects to generate 50% of its overall revenue and net income in emerging economies and anticipates the emerging market revenue pool to grow twice as quickly as developed markets.

“Our clients continue to favour emerging market exposure relative to developed markets and we remain focused on building a market-leading franchise to service their growing needs,” said Farhang Mehregani, head of CEEMEA equities at Citi. “This latest round of key hires is consistent with our goal of making Citi the execution house of choice in CEEMEA.”

Citi offers a range of equities products across 33 markets in the region including cash equities, derivatives, Delta 1, structuring, equity finance, prime brokerage and investment research.

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