Citigroup reshuffles fixed-income group

Citigroup has reshuffled senior management in its fixed-income group, moving many outside the US in a recognition that future growth will depend on foreign markets.

Six product heads within the group will now be based outside New York. Mark Watson, co-head of credit markets, was previously head of fixed income for Europe, the Middle East and Africa. Also in London are Anil Prasad, head of FX and local markets, previously head of emerging markets FX; Antonio Cacorino, co-head of investor sales, previously head of sales for Europe; and Steve Compton, head of G10 rates, and previously head of European rates.

Commodities head John Casaudoumecq keeps his job, but will move to London from New York in the near future. Joe Draper, head of special situations - east, is based in Hong Kong.

The rest remain in New York: co-head of credit Chad Leat; co-head of investor sales Mike Mauer, previously head of loans; head of fixed-income strategy and analysis Suni Harford; head of securitisation Jeff Perlowitz; head of finance, G10 risk treasury and relative value Rick Stuckey; head of special situations securitisation Mark Tsesarsky, previously co-head of securitisation; and Jeff Jacob, head of special situations - west.

Richard Moore will succeed Watson as head of Europe, the Middle East and Africa. Jeremy Amias remains head of Asia-Pacific; former co-head Sim Lim is moving to an unannounced role elsewhere in the bank. Former global head of sales Steve Bowman will head the newly created hedge fund services group - the rest of his team will be named later, the bank said.