Sept 19 (Reuters) - Citigroup ( C/PN ) has hired Adam
Inzirillo from Cboe Global Markets ( CBOE ) to lead its cash and
futures execution platform within the bank's equities division,
according to a person with knowledge of the matter.
In his new role, Inzirillo will oversee Citi's electronic
execution platform, focusing on trading algorithms and direct
market access offerings, the person said.
He will join in October as global head of the execution
platform for the equities business and report to Sebastien
Mailleux, global co-head of prime services, the person added.
Inzirillo had joined Cboe in 2019 as head of U.S. equities
and was promoted to global head of data and access solutions in
2023 during a senior leadership reshuffle.
Citi's equity markets revenue rose 6% to $1.6 billion in
the second quarter from a year earlier, boosted by momentum in
its prime services business, which caters to hedge funds.
The prime business posted record balances in the second
quarter, up nearly 27% from a year earlier.
Bloomberg News reported the move earlier on Friday.