People moves

Citi grows prime finance team with raft of hires

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Citi has been on a hiring spree for its prime finance business, with 13 new hires split between London and New York focused on the trading and risk areas - and all but one coming from either Barclays Capital or Morgan Stanley.

Eric Hughson leads the list of London hires. Previously a senior trader in Commerzbank's structuring group, Hughson has joined Citi as a managing director in its European trading team.

The firm has also hired three Morgan Stanley veterans - Travis Macilwain, Alessandro Cossani and Richard Stuart-Reckling - together with Chelvi Paramanathan, previously of BarCap. All four have