Citi rings the changes in structured products reorg

Citi has announced a host of changes to its structured products business, including the appointment of Jean-Luc Bernardi as Emea head of structuring. Bernardi has developed and led the Emea Equity Derivatives Structuring Team since 2006 and will be responsible for combining former equities, hybrids and FICC structuring into an integrated cross-asset class structuring team. Bernardi will report to Stefan Wagner, head of Emea structured products, and Erwin Parviz, global head of structuring.

The structuring team has been tasked with financial engineering, complex product development and structured solutions. Financial engineering will be responsible for pay-off innovation and pricing across all asset classes, and will be headed by Alessio Matteuzzi, who joined Citi in 2007 as a structurer within the hybrids team.

Complex product development will develop new products, platforms and issuers that require a complex approval processes, detailed interaction with control functions and