Marius Maldutis-Bayliss, senior credit trader at Citigroup Global Markets, has left the firm and has joined Banc of America Securities in New York. Maldutis, a technology media and telecom trader at Citi, joins BofA as managing director and head of investment-grade credit default swap trading. Louise Hennessy, spokeswoman for BofA, said Maldutis reports to Michael Meyer, managing director and co-head of investment grade trading. Maldutis declined comment.
A Citi official said Maldutis will not be replaced.
