Citigroup has hired Dhimant Shah, credit derivatives trader at ABN AMRO in Singapore, for a similar role in its Hong Kong trading operation. Shah, who started last week, did not return calls. Debashish Dutta Gupta, v.p. in global credit derivatives trading at Citigroup in Hong Kong, said Shah is an addition to the team and part of the firm's plans to expand its credit derivatives effort. It boosted its presence on the structured credit side late last year by forming a CDO team.
Gupta said Citigroup may hire additional traders next year. Shah reports dually into Gupta and to David Rosa, v.p. in global credit derivatives trading in Hong Kong.