People Moves

JP Morgan Private Bank Recruits Citigroup Managing Director

Harriet Davies 13 November 2009

JP Morgan Private Bank Recruits Citigroup Managing Director

The private banking arm of JP Morgan has recruited Somo Rao, formerly a managing director at Citigroup, to manage and oversee its fixed income, currency and commodity businesses in Europe, Middle East and Africa across both the discretionary and non-discretionary platforms.

Mr Rao, previously head of Citigroup's global fixed income structured investments business, is based in London and reports to Brian Carlin, global head of fixed income currency and commodities at JP Morgan Private Bank.

This is the second recent high profile hire for the private bank, which appointed Vinay Gandhi as head of its global India business earlier this month.


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