Citigroup talks with ex-Deutsche European listed head Wilson

Citigroup is in talks with Deutsche Bank’s former European head of listed derivatives Sabrina Wilson about her taking on a senior derivatives role at the US investment bank in London, sources have said.

Wilson is said by sources to have been in talks with Citigroup about joining that bank as she left Deutsche earlier this month but no agreement had been reached at the time of writing, the same sources told FOW.

A spokeswoman for Citigroup declined to comment.

Wilson is seen as one of the rising stars of the European derivatives industry.

She was latterly Deutsche’s London-based managing director, head of listed derivatives and clearing for Europe, the Middle East and Africa, until she left that post in early June, as first reported by FOW.

A spokesman for Deutsche Bank declined to comment at the time of her departure.

Wilson joined the German bank in London four years ago from ENO Investments, an alternative investment firm which she founded in 2010.

Before setting up ENO, Wilson was an executive director at Goldman Sachs for three years, director at JP Morgan for seven years, senior associate at tech firm GNI for three years and worked in derivatives sales at Credit Lyonnais for two years.

Wilson’s was the latest high profile departure from Deutsche which, like some of its rivals, has been reducing its commitment to capital-sapping businesses such as derivatives trading and clearing.

Piers Murray, Deutsche’s former global co-head of listed derivatives and clearing, left the German group in early 2016 to join custody bank BNY Mellon as its chief operating officer.

Murray reports to Michelle Neal, BNY Mellon Markets Group’s president, who joined that firm in late 2015 after leaving her former role as Deutsche’s global head of listed derivatives.

Citigroup has also seen some management changes.

Michel Planquart, who was responsible for managing clients across Citigroup’s custody, futures and prime services businesses, left the US bank last month, the firm told FOW.

In his time at the US bank, he was also EMEA head of sales for futures, clearing and collateral management, a position he held for almost four years, head of EMEA client management, head of EMEA retail marketing and syndication, and head of UK banks.

The US bank appointed in January Ian Nissen, its former head of futures product for Asia Pacific, as its managing director, head of Asia Pacific futures, collateral and clearing, replacing Peter Jaeger, Citigroup’s former head of Asia who left that post at the start of this year after 18 months.

Nissen was Citigroup’s third head of Asian futures in less than 18 months after Conor Cunningham, who had been running that business for four years after joining from JP Morgan in late 2011, left the firm in September 2015 to be replaced by Jaeger.

Citigroup’s global head of listed derivatives operations Patrick Tessier stepped down from the post in January after nearly seven years with the US bank.