People News: Citigroup, Deutsche Bank

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Citigroup is in talks to hire Armando Diaz as global head of cash equities trading, according to a person with knowledge of the matter, who asked not to be identified discussing personnel.

Bloomberg News reports that Diaz, 48, would report to equity chief Derek Bandeen and replace Kevin Russell, who left the bank last year to become chief investment officer of UBS’s O’Connor hedge-fund business. Diaz, who was most recently global head of execution services at hedge fund Millennium Management, declined to comment.

In the meantime, Bloomberg News also reports that Deutsche Bank is set to lose two of its most senior investment bankers in Asia as Bill Nichol and Joaquin Rodriguez Torres plan to depart this year, people familiar with the matter said.

Nichol, who runs investment banking for financial institutions in the Asia-Pacific region, plans to leave in May after more than 13 years with Deutsche Bank, the people said, asking not to be identified because the information is private. He’s in talks to join a closely held financial company in a senior Asian role, one of the people said without providing details.

Citigroup Said in Talks With Diaz to Run Equities Trading

Two Deutsche Bank Asia Veterans Said Poised to Depart

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