Citi's huge MD list includes two women on this key trading desk (2023)

Citi has announced its new list of managing directors. The full list, which includes 331 people from across the bank, is below. The titles have been handed out generously this year: in 2021, Citi made only 306 MDs; in 2020 it made 241.

As Bloomberg has observed, this year's Citi list seems predictably skewed towards the global markets (sales and trading) business, which has done best this year. 52 people in global markets received the title, compared to 34 in banking and capital markets, 29 in risk management, and around 22 in technology.

Women make up a third of Citi's latest promotions, which is impressive given their comparative absence from the list of new MDs at Barclays.

The women on the Citi list include various senior people in the markets division, an area of banking where women have historically been less prolific.

There's:Stephanie Dubray, the Paris-based head of credit sales for French-speaking countries, who joined from SocGen in 2015;Kelly Sowers, the New York-based head of multi-product fixed income sales; and Jenny Ping, the co-head of new energy research who's been with the bank for six years.Heather Masciotti, a relationship manager in global markets, only joined from JPMorgan in February 2022.

Unusually, two women have been promoted on a single desk - suggesting that it may have been a profitable year. They areLucy Zhang andJosie Evans, both of whom work together on the highly quantitative credit valuation adjustement (CVA) trading desk in London.CVA trading is fundamentally an internal function which aggregates and hedges against risk taken by other desks.

This year's Citi MD promotions also include names likeJaiganesh Balasubramanian, the head of market risk technology,Ivo Dimitrov, a credit trader hired from Goldman Sachs in 2017, andJawad Koradia, the global head of local markets STIRT at Citi, who came back to the bank after a spell on the buy-side.Atle Birkeland, who just made MD in global markets had worked at the bank for three decades.

Managing directors in Citi's global markets business are paid salaries alone of $400k-$500k in New York, according to figures filed for recipients of H1B visas.

Citigroup MD list 2022

Hasan Abdel-Hafiz, EO&T

Karl Abdelnour, Global Markets

Sunil Abraham, BCMA

Ram Acharya, APAC LF

Francisco Tomas Acosta Alvarez, Mexico LF

Ken Aina, Global Markets

Ali Akram, BCMA

Raul Aldrey, PBWM Technology

Claudio Alfasso, BCMA

Belinda Aliu, Internal Audit

Sara Angrist, TTS

Aziz Anwar, ICM

Krishen Appasawmy, CAO

Luis Aragon, BCMA

Ian Armstrong, BCMA

Pam Armstrong, CAO

Alexander Aronov, ICRM

Roger Ashworth, Global Markets

Luis Asturizaga, ICG CAO

Amit Babbar, Risk Management

David Bailey, Global Markets

Jaiganesh Balasubramanian, ICG Technology -

Michele Balco, PBWM Technology

Sumit Banerjee, Risk Management

Fabio Barbera, BCMA

Michael Barry, Internal Audit

Jayeeta Basu, Internal Audit

Mohit Baweja, TTS

Noraily Bello, TTS

Jose Alberto Benamor, Citi Commercial Bank

Kamal Benkabbou, Global Markets

Sapha Benkreira, Global Markets

Blake Best, BCMA

Atle Birkeland, Global Markets

Magnus Blix, Risk Management

John Booth, Global Markets

Larry Brignati, Human Resources

Emre Bulbul, Risk Management

Jonathan Burke, ICRM

Robert Bush, US Personal Banking

Margo Campbell, Global Markets

Jenaz Canteenwala, Regional Management

Richard Cea, Citi Global Wealth

Nilanjan Chakraborty, Risk Management

Shatadru Chakraborty, India LF

Rajarshi Chakraborty, Regional Management

Caroline Chan, Securities Services

Tina Cheng, Citi Global Wealth

Vivian Cheng, TTS

Amit Chhawchharia, Global Markets

Rosario Chiarenza, ICG CAO

Yaseen Choudhury, BCMA

Lorcan Cleary, Global Markets - Commodities Trading

Tim Colangelo, EO&T

Ingrid Collazo, Securities Services

Caio Cesar Correa, Risk Management

Scott Coulson, BCMA

Sarah Courtney, Citi Global Wealth

Trish Culberson, US Personal Banking

Douglas Cypel, Global Markets

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Brian Daoust, Global Markets

Gareth David, Internal Audit

John Davis, TTS

Svetlana Davnis, Legal

Fleur de Koning, CAO

Bill De Pietto, PBWM Technology

Prashan De Silva, ICG Technology

Robyn Delfierro, Citi Global Wealth

Sharmila Deonarine, EO&T

Mike Dickson, Financing and Securitization

Nicholas Diieso, Risk Management

Ivo Dimitrov, Global Markets

Christine Discola, Human Resources

Kelly Dolan Saverino, CAO

Marius Dorner, BCMA

Stephanie Dubray, Global Markets

Art Durdag, ICM

Citi's huge MD list includes two women on this key trading desk (2023)

Citigroup MD list 2022

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