Citigroup is in talks to hire Armando Diaz, who most recently worked at hedge fund Millennium
Management, to run cash equity trading globally, according to people familiar with the matter.
The appointment would mark a return to Citigroup for Diaz, who worked at the bank until 2011.
He left the bank
to join Millennium as senior managing director of global execution services. He left the hedge fund last year.
At Citigroup, he will report into Derek Bandeen, global head of equities, the people said.
Citigroup declined to comment.
Citigroup’s previous global head of equity trading, Kevin Russell, left to join UBS O’Connor last year.
Millennium Management was set up in 1989 by Israel ‘Izzy’ Englander, and managed $34 billion in assets as of January 1 this year.
Business Insider reported Wednesday that Citigroup had hired two senior Goldman Sachs sales staff in London. Quentin Andre is joining as global head of structured sales in the equities business, and Dirk Keijer as head of equity derivative sales for Europe, the Middle-East & Africa.