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Citi boost commodities sales with senior hires

London, 14 November 2012

Citigroup has made a series of key hires in commodity sales as it increases significantly its client coverage. On November 1 Jose Cogolludo joined as global head of corporate sales, based in London, and reporting directly to Stuart Staley, global head of commodities. This is a new position for Citi and Jose will be responsible for all sales and origination activities, across all commodity products, with corporate clients across the world.

Cogolludo joins Citi from BNP Paribas, where he was global head of commodity sales for five years. Before that he was at JP Morgan and Goldman Sachs.

“I am delighted and proud to join Citi, where our client franchise is unrivalled by other institutions, in particular in emerging markets. Our plan is to systematically provide a full range of risk management products to Citi's global client base, to better integrate our product offering with the rest of the organization, and to strengthen our position as a leading actor in the commodities space," he said.

In addition, and on the same day, Ron Ruffini started as head of Latam sales and mid/downstream oil sales for the Americas. Based in Houston, Ron will report to Jose and also will have a joint reporting line to Jaime Roblesgil, who heads Citi’s markets business in the Latam region. Ron is responsible for the sales of all commodity products in the Latam region, as well as for the oil sales business covering refining and consuming clients in the whole of the Americas. He joins Citi from Barclays, where he worked for four years, and prior to that was at Lehman and JP Morgan..

Fasil Nasim is also due to join Citi in London mid-month as head of EMEA corporate energy sales, reporting to Jose. He too worked at BNP Paribas before Citi and was there in a similar capacity for the past five years. Before that he was at JP Morgan and BP.

“With these important additions to our sales team, we have made significant strides in strengthening our commodities platform and connecting our complete suite of commodity products with a wider range of the bank’s clients than ever before,” said Stuart Staley, global head of commodities.

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