Citigroup Senior Equity Trader Caperonis Said to Join Nomura

  • At Nomura, he will head Americas equities and credit trading
  • His unit at Citigroup will report to Dan Keegan, Kevin Russell

Nomura Holdings Inc. hired Michael Caperonis, the head of Citigroup Inc.’s equities trading for the Americas, for a broader leadership role in the Japanese bank’s securities division, according to a person with knowledge of the matter.

Caperonis will join Nomura as head of equities and credit trading for the Americas, the person said, asking not to be identified because the appointment hasn’t been announced. Jennifer Will, a spokeswoman for Nomura, declined to comment, and Caperonis didn’t respond to a phone message. He won’t start at the Tokyo-based firm until February, following a garden leave, the person said.

Caperonis’s move marks the second significant departure from Citigroup’s broader securities division to emerge this week, after a person familiar with the matter said Jefferies Group LLC hired Steven Kim, Citigroup’s former head of U.S. Treasuries trading. Derek Bandeen, the bank’s global head of equities, has hired in recent months to restock management in his unit after more than a half-dozen senior executives left last year.

Caperonis left Citigroup to “pursue another opportunity,” Dan Keegan, head of equities for the Americas at the New York-based company, said in a memo to employees on Wednesday. Following the exit, the Americas equities trading unit will report directly to Keegan and Kevin Russell, the global head of equities trading, according to the memo.

Citigroup generated $2.52 billion in equities trading revenue in the first nine months of the year. While that was the least among the five largest Wall Street banks, it was 9 percent higher than the same period of 2014.

Additions at the bank this year include Stephen Roti to lead corporate equity derivatives, Murray Roos to run equity and prime-finance sales, John Lowrey to supervise cash electronic execution and Adam Herrmann as chief of prime finance.

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