Citigroup Investments has hired Pete Tauckus as a v.p. and high-yield trader based in New York, according to a trader familiar with the situation. Tauckus, who joined last week, declined comment. He reports to Tom Hajdukiewicz, head of high-yield, who did not return calls. Tauckus replaces a trader who recently left the firm whose name could not be determined.
Tauckus's last position was as a distressed trader at Deutsche Bank. He spent a combined eight years at Deutsche Bank and Bankers Trust, working as both a high-yield and distressed trader.