People: Citi ramps up listed and OTC clearing
Citi overhauls exchange-traded and OTC clearing; new role for Gentzel at Deutsche; Banks leaves BNPP, Handjinicolaou rejoins Isda
Citi has announced a slew of appointments, promotions and structural changes in its exchange-traded derivatives and over-the-counter clearing businesses – part of an effort to create a one-stop shop for clients that will be pushed into clearing in the new regulatory environment, according to Nick Roe, the bank’s global head of prime finance.
“We were looking to create a homogeneous layer, where a client could approach the firm and get a single point of contact and a single margin call. That is
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