Citigroup expands prime finance business

Citigroup has recruited 13 new staff for its global prime finance business, which covers prime brokerage and financing for hedge fund customers. In New York, John Nicholson has joined from Barclays Capital, bringing with him his five-strong trading and risk management desk, all of whom joined Barclays after its takeover of Lehman Brothers' North American operations. The team includes Arjune Budhram, Tom Conti, Michael Fu, Rachael Kitaeff and Jay Vasser. Also joining are Neil Monaghan and Roy

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