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ON THE MOVE: Citi Adds Hugon and Gerbier; Goldman Loses Russo

Traders Magazine Online News, September 25, 2018

John D'Antona Jr.

In a move designed to bolster its structured products business bulge broker Citi hired a pair of senior executives. First, Fabrice Hugon joined as a Managing Director and Head of Third Party Sales for the Americas, responsible for formulating and executing the overall sales and product distribution strategy for the financial intermediary segment. Hugon came from Natixis, where he was Head of Equity Derivatives Sales and Financial Engineering, leading sales and product development. Prior to Natixis, he was a Senior Managing Partner at Elkhorn Capital Group. He was also Head of Derivatives Sales for the Americas at BNP Paribas and a Vice President at Societe Generale in the Alternative Investment Structured group. He reports to So-Yon Sohn, Global Head of Retail Third Party Sales and is based in New York.

Fabrice Hugon

Also coming aboard is Benjamin Gerbier as a Director and Head of Latin America Third Party Sales. Gerbier is similarly responsible for sales strategy, product distribution and client solutions for the Latin American region. Gerbier joined Citi after 14 years at Societe Generale, where he was Head of Cross-Asset Structured Products Sales for Latin America. He will report to Hugon as well as Juan Moraleda, Investor Sales Head for LatAm, and is based in New York.

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Goldman Sachs's†stock-trading chief is leaving the firm. Paul Russo, who has run Goldmanís equities business since 2012, is negotiating his exit and is likely to depart in the coming weeks, according to people familiar with the matter. The firm is likely to give additional responsibilities to three executives ó Brian Levine, Jeff Nedelman and Phil Berlinski ó while Russoís counterpart, Michael Daffey, continues to head the business globally from London, some of the people said. Financial News.

CoinBundle landed Katherine Hensel for its advisory board. Hensel has held leadership positions across the investment banking/brokerage and asset management industries for more than 35 years. Hensel currently serves as an Executive in Residence at Columbia Business School and on the Investor Advisory Committee of th e Financial Accounting Standards Board (FASB).

BTIG landed JT Herman as Head of Mergers and Acquisitions within its Investment Banking division based in San Francisco. Prior to BTIG, he was a Managing Director at GCA, where he led the firmís Industrials and Industrial Technology division. Earlier in his career, Herman was a Managing Director at Goldman Sachs & Co., where he led the firmís West Region Industrials unit in San Francisco.†

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