Deutsche Bank Hires Citigroup Equity-Derivatives Executive Simon
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Deutsche Bank AG hired former Citigroup Inc. managing director Jonathan Simon as Derek Bandeen, Citigroup’s equities head, overhauls the unit to halt a revenue slide, two people with knowledge of the move said.
Simon resigned from New York-based Citigroup this week and will join Deutsche Bank, the biggest bank in Europe, as a managing director in equity-derivative sales, according to the people, who asked not to be named because the move hasn’t been publicly announced. He will start working for Deutsche Bank in about three months, one of the people said.