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EXCLUSIVE: Citigroup hit by another Russian departure

August 4, 2010

By Ivan Anderzhanov.

US bank Citigroup has been hit by another senior Russian departure following Igor Chernomorskiy's exit to rival JP Morgan.

Chernomorskiy was a vice president for emerging market sales in the CEEMEA region. He has been at the bank for over four years and previously worked in sales at UralSib and Troika Dialog.

Citigroup was rocked last month when Renaissance Capital hired three sales traders Yonatan Gozdanker, Gary Lennon and Vadim Varvarin for its expanded London-based operation.

Otkritie also tapped Citigroup last month for senior equity trader Yuri Aldakimov.

Banking insiders said Citigroup was not competing on remuneration and further departures were possible.

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