Citi Hires Kaiser to Lead US Equity Trading Strategy (Correct)

Citigroup Inc. has hired Stuart Kaiser from UBS Group AG to lead the firm’s US equity trading strategy, according to people familiar with the matter.

Kaiser joined Citigroup last week and will focus on the interaction between derivatives, equity markets and macroeconomics. He previously spent almost five years at UBS, most recently as its head of equity derivatives research. He assumes the responsibilities of Alex Altmann, who joined Millennium Partners LP earlier this year.

In his first research note at Citigroup, Kaiser said that solid earnings reports and light investor positioning create the potential for the stock-market’s bounce in ...