Citigroup adds credit correlation specialist

Citigroup has hired Mickey Bhatia to head its global credit correlation trading business as it continues to bolster its global credit business with new appointees. Bhatia joins from Deutsche Bank, where he was head of flow credit correlation trading. Bhatia will remain based in London.

Bhatia is Citigroup’s second hiring from Deutsche Bank in recent months. In April, the bank brought in Michael Raynes, who had been head of Deutsche Bank’s global CDO group and co-head of the global securitised products group to head global structured credit products.

Bhatia will report to New York-based Raynes, who takes up his new position on Monday.