July 26, 2012

Citi said it expanded its equity derivatives team in the Americas with the hiring of two senior bankers in New York. David Silber joined as managing director and head of flow equity derivatives sales, while Peter Lambrakis will also join Citi as a managing director, head of equity derivatives trading.

Silber, joined Citi in May from Jeffries & Co, where he held a number of senior positions, most recently as head of equities for the Americas. He also worked at Susquehanna International Group as an Associate Director.

Silber will report to Simon Yates, global head of equity derivatives and Brennan Warble, head of sales,

Lambrakis joins Citi from Deutsche Bank, where he was head of equity correlation trading. He started his career as a quant developer at O’Connor and Associates, before moving to Susquehanna as a derivatives trader.

Lambrakis will report to Yates and Kevin Russell, head of equities trading for the Americas.

“David and Peter are great additions to our team,” commented Yates in the bank's announcement. “I am confident that their backgrounds will complement our existing strengths as we continue to increase market share and expand our equity derivatives capabilities."

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