The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Paras Shah, Citigroup Inc’s head of high-yield credit trading for Europe, the Middle East and Africa and one of its highest-profile traders, has left the bank, according to people familiar with the matter.
The 31-year-old departed this month, according to some of the people who aren’t authorised to speak publicly and asked not to be named. Shah worked at Citi since 2017, joining from HSBC Holdings Plc where he spent six years after graduation, according to his Linkedin profile.
A representative for Citigroup declined to comment and Shah did not respond to a request for comment.
Shah leaves a high-performing team. Citi’s debt traders generated revenue that was more than double the forecasts of analysts. The better-than-expected performance followed weak results earlier in the year that triggered a round of cost cutting and a targeted headcount cut.