Citi reshuffles capital markets, lifts Ybarra to equal ranking with Forese

28 Aug 2008

The big winner to emerge from the latest reshuffle at Citigroup is head of fixed income products Paco Ybarra, who this week was promoted to rank alongside Jamie Forese, up until now the sole head of the bank’s capital markets group.

Observers may be forgiven for thinking "another week, another reorganisation" at the embattled US bank. Indeed, the reshuffle — which this time involved the sales and trading teams across the bank’s fixed income, equities and municipal securities products — follows widespread changes of the bank’s European capital markets ...

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