Citi has reorganised its electronic trading team, moving its global futures electronic execution role from London to Singapore The TRADE Derivatives understands.
Robin Trott, former EMEA head of futures electronic execution, has been relocated to Singapore to head up the Asia Pacific electronic trading business. Meanwhile Nirav Parikh, the bank’s head of futures, clearing and collateral (FCC) execution for Asia Pacific, will now be responsible for listed derivatives execution globally.
Jason Stipe will replace Trott as head of EMEA FCC electronic execution in London.
The reshuffle follows the creation of a new role for Paul Marks within its prime services business as global head of quant prime brokerage. He was previously global head of electronic trading product and electronic trading services.
The recent moves for Citi come as banks look to refocus their trading strategies, with regulation shifting the majority of activity onto electronic venues.
Last month, JP Morgan laid out its new markets execution team, with the creation of a new unit combining listed derivatives execution, macro products and direct market access services.