Citigroup Shuffles Equity Solutions Team with Two Veteran Appointees

Citigroup has reorganized its equity solutions team dealing with the Europe, Middle East, and Africa (EMEA), appointing former Bank of America Merrill Lynch (BAML) executive Vincent Folliot as its co-head. Joining him in this role will be Alessandro Amicucci, who will by extension serve as co-head of the unit as well, according to a recent Reuters report.

In their new respective roles at Citigroup, Mr. Folliot and Mr. Amicucci will be based out of Citigroup’s London branch, where they will be reporting to Tim Gately, the lender’s Head of European 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, and Stephen Roti, Global Head of Corporate Equity Derivatives.

As opposed to other units and desks, such as foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) and fixed income that have seen an outflow of personnel as of late, particularly in London, equities and debt capital markets (DCM) are two areas that have thrived.

Mr. Folliot joins Citigroup from BAML, having worked at the bank for over six years as its Managing Director, focusing on strategic equity solutions in France, Belgium, Luxembourg, Iberia, and Latin America (LATAM). Prior to this role, he worked at Deutsche Bank holding positions such as Vice President of Corporate Equity Derivatives, among others, part of a tenure with the group dating back to 2003, according to information made public on his Linkedin profile.

For his part, Mr. Amicucci has already been working at Citigroup, having focused on corporate equity derivatives across Southern Europe since 2009. He also has ties to Morgan Stanley, where he worked prior to joining Citigroup nearly seven years ago.