Citigroup Loses its Head of Corporate Syndicate, Sarwat Faruqi
- Ms. Faruqi had been a part of Citigroup’s executive team for the past two decades, having joined the lender in 1996.
Citigroup has a key vacancy to fill in its European Corporate Bond Syndicate, following the departure of longtime executive, Sarwat Faruqi, who recently parted ways with the lender, according to a recent Reuters report.
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Ms. Faruqi had been a part of Citigroup’s executive team for the past two decades, having been involved with a variety of the group’s operations, all based out of London. She originally joined the lender back in 1996 as a Middle Office Risk Manager, which paved the way for a role as Citigroup’s Corporate Syndicate Manager in 1998, a role she held for almost five years.
Additionally, she worked as a Eurobond Trader before eventually being promoted to the Head of Corporate Syndicate and Managing Director in 2005, according to information made public on her Linkedin profile. Since then she has been active in this role, serving as an integral component of the bond syndicate at Citigroup.
The decision to part ways with the lender snaps a career that has spanned over twenty years – it is presently uncertain who will immediately replace Faruqi, who had been reporting to Peter Charles, Head of Europe, Middle East, and Africa (EMEA) Fixed Income Syndicate at Citigroup.
The departure is the first marquee move at Citigroup since the lender announced plans to jettison upwards of 70 sales personnel last month in London. The decision came during a period when operating costs have been soaring and lower trade revenues have afflicted balance sheets.
Citigroup has a key vacancy to fill in its European Corporate Bond Syndicate, following the departure of longtime executive, Sarwat Faruqi, who recently parted ways with the lender, according to a recent Reuters report.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, 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 and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Ms. Faruqi had been a part of Citigroup’s executive team for the past two decades, having been involved with a variety of the group’s operations, all based out of London. She originally joined the lender back in 1996 as a Middle Office Risk Manager, which paved the way for a role as Citigroup’s Corporate Syndicate Manager in 1998, a role she held for almost five years.
Additionally, she worked as a Eurobond Trader before eventually being promoted to the Head of Corporate Syndicate and Managing Director in 2005, according to information made public on her Linkedin profile. Since then she has been active in this role, serving as an integral component of the bond syndicate at Citigroup.
The decision to part ways with the lender snaps a career that has spanned over twenty years – it is presently uncertain who will immediately replace Faruqi, who had been reporting to Peter Charles, Head of Europe, Middle East, and Africa (EMEA) Fixed Income Syndicate at Citigroup.
The departure is the first marquee move at Citigroup since the lender announced plans to jettison upwards of 70 sales personnel last month in London. The decision came during a period when operating costs have been soaring and lower trade revenues have afflicted balance sheets.