Citi Equities Executive Michael Bitton Parts Ways with the Group

Michael Bitton, the global head of Delta One and head of North American prime finance at Citigroup, has parted ways with the firm, according to a Reuters report.

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Bitton who joined Citi from UniCredit as a senior director in equity finance and Delta One trading in 2012 departed Citi in June.

The bank is reported to have been looking to strengthen its Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term franchise by sourcing talent from other banks and building up its prime brokerage and bespoke equity derivatives businesses to cater more to hedge fund clients.

Equities trading chief Derek Bandeen, who had been helping to spearhead Citi's equities push, retired from the bank in April.

Citi Group has seen a number of comings and goings over the last year, most recently with longtime group veteran Duncan Phillips from its Debt Capital Markets (DCM) unit who, as reported by Finance Magnates, left the group at the end of August after a period of almost fifteen years to take up a job with a Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term group.