Citigroup has named Philip Drury to run its London-based banking, capital markets and advisory business across Europe, the Middle East and Africa, according to a memo seen by Reuters.
The news agency reports that Citi, in September, overhauled its investment bank structure to combine its capital markets and corporate and investment banking divisions into a new banking, capital markets and advisory (BCMA) division.
In the meantime, Bloomberg News reports that a former UBS compliance officer, on trial for insider trading, led a project designed to stop leaks, her boss told a London jury.
Fabiana Abdel-Malek, 36, was in charge of a project limiting what access bank-support staff had to information that could affect a company’s share price or was confidential, her one-time manager, Sai Jawanmardi, said Monday. Abdel-Malek’s knowledge of bank transactions, confidentiality and price-sensitive information was "very strong," she said.
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