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Citigroup Hires Morgan Stanley’s Nick Gray for Credit Trading

Citigroup Inc. hired Nick Gray from Morgan Stanley as a senior credit trader in London.

Gray will join as a director, reporting to Phil Gee, head of investment-grade credit trading, according to Edwina Frawley-Gangahar, a Citigroup spokeswoman in London.

Citigroup has been expanding its credit trading business in Europe. It hired Bjoern Wiegelmann from Deutsche Bank AG and Nicolas Dujols from Capula Investment Services for the group, the New York-based bank said in June.

Gray joined Morgan Stanley in 2009. Before that he was with HSBC Holdings Plc, Barclays Plc and Bank of America Corp., according to the Financial Services Authority’s website.

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