Connect with us

Breaking News

Citi suspends one of its most high-profile bond traders over allegedly stealing from the company cafeteria


Financial

Citi suspends one of its most high-profile bond traders over allegedly stealing from the company cafeteria

Citigroup Inc. suspended its head of high-yield credit trading for Europe, the Middle East and Africa after he stole from the company’s cafeteria, according to a person familiar with the matter.Paras Shah, one of the bank’s highest-profile traders, left Citigroup last month over the issue, the person said, asking not to be named because the…

Citi suspends one of its most high-profile bond traders over allegedly stealing from the company cafeteria

Citigroup Inc. suspended its head of high-yield credit trading for Europe, the Middle East and Africa after he stole from the company’s cafeteria, according to a person familiar with the matter.

Paras Shah, one of the bank’s highest-profile traders, left Citigroup last month over the issue, the person said, asking not to be named because the matter is private.

Danielle Romero-Apsilos, a spokeswoman for the bank, declined to comment on the nature of the departure. Shah didn’t respond to a request for comment sent through LinkedIn.

Citigroup hired Shah in 2017 and within months he was promoted to lead the high-yield credit trading business for Europe, the Middle East and Africa. His suspension was earlier reported by The Financial Times.

Did You See This CB Softwares?

37 SOFTWARE TOOLS... FOR $27!?

Join Affiliate Bots Right Away

Bloomberg.com

Click to comment

You must be logged in to post a comment Login

Leave a Reply

To Top