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Exotix Said to Lose Equity Team Following Ownership Dispute

  • Kato Mukuru, James Busch, Sruti Patel, Sarah Maja quit in Aug.
  • Ex-Citigroup executive Harley joins as chairman of equity unit
Updated on

Exotix Partners LLP’s four-member equities team has left the London-based brokerage after a dispute over ownership of the business, according to two people with knowledge of the matter.

James Busch, who was head of equities trading at Exotix, and equity research head Kato Mukuru, have quit along with Sarah Maja and Sruti Patel after a failed attempt to get a stake in the equities unit, the people said, asking not to be identified as the news isn’t public.