Thursday, 3 July 2008

Troika hires Citigroup equities head

Financial News

Jason Corcoran in Moscow

30 June 2008

Citigroup’s head of equities for central and eastern Europe, the Middle East and Africa is quitting to join Russia’s Troika Dialog in the latest defection from the investment bank.

Nick Harwood led Citigroup’s move into Turkey with the acquisition last year of local broker Opus Menkul Degerler and helped the bank set up offices this year in Kenya and Nigeria.

Harwood’s exit comes after the the bank’s co-head of global credit markets, Mark Watson, left to “pursue new opportunities”, and the departure to UBS of Dmitry Vinogradov, head of research, strategy and banking in Moscow.

It emerged last month that former Russia country head Stuart Harley quit the bank in February, while co-head of equity research Mikhail Seleznev and equity sales director Sergei Suverov left to join Deutsche Bank.

London-based Harwood, who is on gardening leave, arrives in Moscow in mid-September to take up a role as deputy head of global markets at Troika Dialog. He will be responsible for developing the bank’s product range, distribution for international clients and its move into new markets.

Citigroup is understood to be looking at internal candidates to replace Harwood.


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