Citi has hired Deutsche Bank’s head of European prime brokerage, its third top-level recruit from its rival for its global hedge fund services team in recent months, Financial News reports.
Todd Johnson, who has been in charge of the division at Deutsche Bank for three years and was previously head of hedge fund client services, will be reunited at Citigroup with Nick Roe, a former colleague. Johnson will be based in London and report to Roe, Citigroup’s head of equity finance in Europe, the Middle East and Africa, responsible for prime brokerage, securities lending, synthetic financing and equity funding.
Johnson’s appointment follows other recent hires for Citigroup’s hedge fund services business from Deutsche.