Citi hires Deutsche Bank equities COO

Citigroup London HQ in Canary Wharf


Citigroup is rebuilding its equities trading business

Leonie Ryan is to join Citi from Deutsche Bank in its European cash equities business in late September or early October, according to people familiar with the situation. Her job title at Citi has not yet been confirmed.

Ryan, who was named as one of Financial News’s 100 most influential women in European finance in 2010, had only joined Deutsche Bank as its chief operating officer for global equities trading in November 2015.

Before joining the German bank, she had been a consultant for four years, having previously held senior roles at Nomura, Lehman Brothers and Goldman Sachs.

Her move to Citigroup will reunite her with John Lowrey, who joined Citi as global head of cash electronic execution in July 2015. Ryan and Lowrey worked together at Goldman Sachs, Lehman Brothers and Nomura.

She is one of several high-profile hires by Citi as it seeks to revive the fortunes of its equities business.

As well as Lowrey, hires over the past year or so have included: Murray Roos from Deutsche Bank as global head of sales for its equities and prime finance divisions in April 2015; and Stephen Roti from Nomura as managing director and global head of corporate equity derivatives in August 2015.

Speaking at an investor conference in 2015, Jamie Forese, head of Citi’s institutional clients group, said the bank had decided “we should invest in [equities], make it more efficient and make it more profitable”.

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