Citigroup Investments officials will most likely search for analytical expertise as they look to replace a senior portfolio manager and a trader who recently left the firm, according to a senior fixed-income official familiar with the firm's plans. Kathy Karlic, a senior portfolio manager who recently left the firm after 17 years to join GE Asset Management, had previously been Citigroup's research head. More recently, Citigroup lost Joe Mullally, a senior emerging markets trader who joined UBS Principal Finance (BW, 5/13).
Citigroup Investments manages the property and casualty and life insurance assets for Travellers Insurance, in addition to third-party assets. Its group of roughly 20 fixed-income professionals includes eight to 10 analysts. Denney Voss, the firm's head of fixed-income trading, and Gil Campbell head of research, did not return calls.