Citigroup taps Adam Inzirillo from Cboe for equities business

(Reuters) – Citigroup has hired Adam Inzirillo from Cboe Global Markets to lead its cash and futures execution platform within the bank’s equities division, according to a person with knowledge of the matter.

In his new role, Inzirillo will oversee Citi’s electronic execution platform, focusing on trading algorithms and direct market access offerings, the person said.

He will join in October as global head of the execution platform for the equities business and report to Sebastien Mailleux, global co-head of prime services, the person added.

Inzirillo had joined Cboe in 2019 as head of U.S. equities and was promoted to global head of data and access solutions in 2023 during a senior leadership reshuffle.

Citi’s equity markets revenue rose 6% to $1.6 billion in the second quarter from a year earlier, boosted by momentum in its prime services business, which caters to hedge funds.

The prime business posted record balances in the second quarter, up nearly 27% from a year earlier.

Bloomberg News reported the move earlier on Friday.

(Reporting by Arasu Kannagi Basil in Bengaluru and Tatiana Bautzer; Editing by Tasim Zahid)