Citi Beefs up Commodities with Key Hires

  Citi Beefs up Commodities with Key Hires

Business Wire

LONDON -- April 25, 2013

Citi has made two senior hires in base metals trading and sales, as its
renewed investment in the commodities business continues.

Rick McIntire will join Citi as global head of base metals sales in mid-July,
reporting to global head of sales Jose Cogolludo. He was previously at UBS.

Also joining Citi from UBS is Dylan Morgan, who is to be co-head of base metal
trading alongside Tom Parkin. Dylan will be starting at Citi in mid-May,
reporting to Jason Tudor.

These additions to the commodities team in London come hard on the heels of a
series of important hires in Houston, all of whom have joined from Deutsche

Andy Zipper will be head of the NYMEX gas desk, and reports directly to Matt
Wareing, who heads the Houston office. Hugh Byrd is to be the head of the
ERCOT/Texas power desk and also reports to Matt Wareing.

Meanwhile, Jeremy Swancoat is joining as head of natural gas fundamental
research, and will report to head of fundamental research Deepanshu Pandita.

These hires also follow significant additions to the commodities business at
the end of 2012, highlighted by the signing of Jose Cogolludo from BNP Paribas
as global head of sales – a newly created role.

“The major reason why I joined Citi was that it had both an unrivalled global
distribution franchise, but also clearly the desire and resources to make the
commodities business a global leader. These hires underline the bank’s
commitment to our business and intent to connect more effectively our product
offer with our client base,” said Cogolludo.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions. Citi provides
consumers, corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and credit,
corporate and investment banking, securities brokerage, transaction services,
and wealth management.

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Media Contacts
London: Simon Boughey
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