Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Citigroup Said to Hire Senior Nomura Currency Trader Donnelly

Dec. 6 (Bloomberg) -- Citigroup Inc., the third-largest U.S. lender by assets, hired Nomura Holdings Inc.’s Brent Donnelly to trade currencies in New York, a person with direct knowledge of the matter said.

Donnelly, 41, formerly global head of Group of 10 currency spot trading for Nomura, will be a foreign-exchange and local-markets spot trader at Citigroup, said the person, asking not to be named because the move isn’t public. Donnelly will join the New York-based firm in March and be based at its Greenwich Street offices, another person familiar with the hire said.

Citigroup ranked as high as fourth among the 10 biggest global investment banks in G-10 currency trading in 2012, according to Coalition Ltd. In October, the bank reported a $3.23 billion third-quarter profit that missed analysts’ estimates as fixed-income trading slumped 26 percent. The biggest declines came from interest rates and currencies, Chief Financial Officer John Gerspach said at the time.

Donnelly will be overseen by Keizo Fujii, who reports to Jeff Feig, global head of G-10 foreign-exchange, one of the people said.

Citigroup told its head of European spot trading, Rohan Ramchandani, in October that he’ll be put on leave after regulators started probing the alleged manipulation of foreign-exchange rates by financial firms, people with knowledge of the move said at the time. He hasn’t been accused of wrongdoing.

Jonathan Hodgkinson, a spokesman for Nomura, confirmed Donnelly’s departure and declined to comment further. Scott Helfman, a Citigroup spokesman, said the firm wouldn’t comment on Donnelly.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net; Dakin Campbell in New York at dcampbell27@bloomberg.net

To contact the editors responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net; Simone Meier at smeier@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.