Citi has appointed Tom Chippas (pictured), as a Managing Director and Global Head of Quantitative Execution.
In this new role, he will be responsible for further expanding the global footprint of Citi’s low latency execution platform and continue to strengthen the firms’ execution offering ahead of MIFID II implementation in January 2018. He will be based in New York and report jointly to Adam Herrmann, Global Head of Prime Finance and Armando Diaz, Global Head of Cash Trading.
Chippas has more than 20 years of experience in low-latency electronic execution across a variety of management positions. These include his role as Chief Operating Officer at Axoni, Chief Executive Officer of Citadel Technology, Global Head of Quantitative Prime Services for Barclays, as well as the North American Head of Autobahn Equity Electronic Trading Services at Deutsche Bank.
“Tom brings a vast amount of product knowledge, as well as a deep experience with the global quantitative client base,” says Adam Herrmann. “This expertise is critical in continuing the momentum of our Prime and Equities businesses as we continue to invest in the platform and look to build on the services we currently offer our clients.”
“We are delighted to have Tom on board and believe he will add tremendous value to our team and our clients,” says Armando Diaz. “He brings a wealth of experience that will help us execute our strategy as we continue to build and expand our platform globally.”
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.