Saba Said to Hire Citigroup Trader Roberts, RBC’s Kazarian

Gabriel Roberts, who led global credit-index trading at Citigroup Inc., is joining Saba Capital Management LP, the $5.3 billion hedge fund founded by Boaz Weinstein, said people with knowledge of the moves.

Paul Kazarian from Royal Bank of Canada also is going to work at Saba to focus on exchange-traded fund indexes, said one of the people, who asked to not be identified because the appointments haven’t been announced publicly. Roberts, who will start at Saba in New York, was hired by Citigroup in 2011 from Deutsche Bank AG to oversee trading of benchmark credit-default swaps indexes in North America and Europe.

Scott Helfman, a spokesman for Citigroup, confirmed that Roberts left the New York-based bank and declined to comment further. Jonathan Gasthalter, a spokesman for Saba, Sanam Alaghband at RBC and Roberts also declined to comment.

The voicemail box was full at a phone number listed in Kazarian’s name. Financial Industry Regulatory Authority records show he was registered as a broker at RBC until last month.

Roberts traded Markit CDX indexes at Deutsche Bank and previously handled trading of the Markit iTraxx European indexes in London for the Frankfurt-based lender, a person familiar with the situation said in 2011.

To contact the reporters on this story: Stephanie Ruhle in New York at sruhle2@bloomberg.net; Mary Childs in New York at mchilds5@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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