Citigroup loses head of equities trading to hedge fund

Hedge Fund

Michael Pringle will leave as global head of equities trading at Citigroup to join Moore Capital Management, the $15bn hedge-fund firm run by Louis Moore Bacon.

Bloomberg News reports that Pringle became head of equities for Europe, the Middle East and Africa at Citigroup in 2009 and was promoted to lead global-equities trading in 2011. He reported to Derek Bandeen, global head of equities, also based in London. Pringle didn’t return an e-mail and phone call seeking comment.

As part of a shake-up of the equities-trading division in 2012, Pringle retained his title yet focused on Delta One trading. The bank promoted Daniel Keegan to lead cash equities globally and appointed Simon Yates as global head of equity derivatives, based in New York.

Citigroup named Kevin Russell to oversee global cash trading the next year. Adrian Faure, who was global head of equity sales, left this year.

To access the complete Bloomberg article hit the link below:

Citigroup Global Head of Equities Trading Pringle Leaving

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