Citi names Derek Hafer as global head of spread products portfolio trading
Toggle share menu
Advertisement
15 Dec 2020 09:37PM
Share this content
Bookmark
REUTERS: Citigroup Inc appointed Derek Hafer as its global head of spread products portfolio trading on Tuesday, as the form of trade has gained significant popularity during the coronavirus-driven market volatility.
Portfolio trading involves the bundling of several bonds into a single package to trade.
Advertisement
Advertisement
"Over the past 18 months, portfolio trading has grown rapidly in the flow credit markets and has become one of the major changes driving our industry. We expect this trend to continue," Citi said in a memo seen by Reuters.