Citigroup Hires Kris Van Broekhoven to Run Commodity Team

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Citigroup Inc., the third-biggest U.S. bank by assets, hired Kris Van Broekhoven from Deutsche Bank AG as global head of a new commodity-trade-financing unit.

Van Broekhoven, whose group helps trading companies finance commodity purchases, will be based in London and initially focus on the energy industry, the bank said in a statementBloomberg Terminal. He will report to John Ahearn, global head of trade, and Sam Sehgal, head of trade finance for Europe, Asia and the Middle East.