Citi hires ex-Deutsche boss to run algo trading

Citigroup has named a former Deutsche Bank derivatives specialist as its new global head of electronic and algorithmic trading for listed derivatives.

The bank said in a memo that Sabrina Wilson had also been named as regional head of futures, clearing and collateral in Europe, the Middle East and Africa.

Wilson was previously global head of electronic and algorithmic trading at Deutsche Bank, where she was also Emea head of listed derivatives and markets clearing before leaving earlier in the summer. She has also worked for both JPMorgan and Goldman Sachs.

She replaces Silas Findley in an expanded role. Findley had been head of futures, clearing and collateral in Emea and has moved internally to take a senior role in credit trading.

In exchange-traded futures and options, Citi was the third-ranked bank globally by revenues in the first quarter of this year, having been ninth back in 2013, according to research and analytics firm Coalition.

Wilson will start at Citi in September and report to Jerome Kemp, the former JPMorgan executive who is global head of Citi’s futures, clearing and collateral business. She will also report to Chris Cox, head of prime, futures and securities services in Emea.

Citi has been investing in its electronic trading teams across asset classes this year.

In late June, it made a series of appointments to its team selling its electronic trading services in Europe. Those appointments were part of the bank’s investment in growing it equities business in the region, which chief executive Michael Corbat has singled out for growth.

In April, FN reported that Citi was taking steps to boost its engagement with quantitative hedge funds in the City of London as part of this effort.

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