People News - Citi, UBS, BNY Mellon

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Citigroup Inc has hired Tom Regazzi as its new head of prime finance for North America, according to an internal memo.

Reuters reports that Regazzi, who had worked at UBS for the past six years as head of synthetics equity trading, is the latest senior hire from Citi as it tries to bolster its equities business.

Citi, which has traditionally been known as a bond powerhouse, has been investing in its smaller equities trading unit over the past several years by building out its prime brokerage and bespoke derivatives businesses to cater more to hedge fund clients.

In the meantime, the news agency reports that BNY Mellon's wealth management arm appointed David High as senior wealth director in the firm's Philadelphia office.

He will report to Regional President Lee Woolley.

Citi hires Regazzi from UBS as prime head in equities push

BNY Mellon Wealth Management hires new senior director

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