Citigroup Inc. hired Murray Roos from Deutsche Bank AG in the newly created role of global head of sales for its equities and prime-finance units.
Roos, 39, will be based in London, Citigroup said in a statement Thursday. Roos, who starts in August, is the former global co-head of prime finance and co-head of European equities at Deutsche Bank.
The move reflects the company’s commitment to “focus on growing Citi’s equities franchise,” Derek Bandeen, global head of equities, said in the statement. Roos will report jointly to Bandeen, Okan Pekin, head of investor services, and Jim O’Donnell, sales chief for the markets unit.
Citigroup has shuffled management in its equities unit as at least a half dozen senior equities executives left last year after the New York-based bank failed to move into the top tier of stock-trading firms. Citigroup in August named David Haldane to run equity derivatives for Europe, the Middle East and Africa, and Tim Gately as head of equities in the region the following month.
Adam Herrmann will join from UBS Group AG in June to lead prime finance, overseeing a business that provides lending and other services to hedge-fund clients, Citigroup said this month.
The equities business generated $873 million in revenue in the first quarter, a 1 percent decline from a year earlier.