Citigroup sets up inflation trading team

Goldenberg joins Citigroup from ABN Amro, where he previously served as global head of inflation trading. Brice Benaben and Nicolas Tabardel also join from ABN Amro. Citigroup appointed Benaben as a managing director and head of inflation structuring, and Tabardel as a vice-president with responsibility for non-linear inflation derivatives.

Greg Mackay joins from Royal Bank of Scotland as a director and UK inflation trader, while Damien Carenini joins from Société Générale as vice-president in charge of euro flow trading.

The hires were unveiled in a Citigroup internal memo obtained by RiskNews. “Inflation has become one of the fastest growing financial markets in Europe and is of key strategic importance to both our origination and distribution franchises," said the memo. "This new team will not only drive the creation of a liquid products trading platform, but will also partner with other product and client groups within Citigroup to embed inflation within our full range of asset, liability and whole balance sheet solutions.”

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