Jim Joyce, a leveraged-finance salesman who is also a managing director, left last month, the people said. Josh Rubinson, an investment-grade-bond trader, and Ned Oakley, a distressed-debt trader, are among other managing directors to have exited in recent weeks.
In the meantime, Reuters reports that Citigroup has promoted Kristine Braden to the position of chief country officer and corporate and investment banking head for Switzerland. She will take up the role on April 1.
She will report to Western European cluster head Zdenek Turek in her CCO capacity to both Manuel Falco, CIB boss for the Europe, Middle East and Africa region, and Zdenek for her corporate and investment banking responsibilities.