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Citigroup Reduces Trader and Analyst Headcount Globally
Traders Magazine Online News, September 24, 2019
Citigroup has dismissed a large number of its research analysts in recent weeks, people with knowledge of the matter said, as plummeting commissions and new rules imperil jobs across the industry.
Dalibor Vavruska, a London-based telecoms research managing director, was among the longer-term employees dismissed, according to the people, who asked not to be identified because the matter is private. Frontier markets strategist Andrew Howell in New York as well as the bank’s San Francisco-based chief Asian strategist also lost their jobs, the people said.
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