Citigroup Commodities Executive Alfred Cheng Departs Bank (1)

Citigroup Inc.’s Alfred Cheng, an executive in the firm’s commodities trading business, has departed the Wall Street giant, according to people familiar with the matter.

Cheng most recently oversaw sales to so-called real money investors for the commodities division, the people said, asking not to be identified discussing personnel information. Real money clients typically include long-term investors like pension funds, asset managers or insurance companies.

Cheng, who is based in London, first joined Citigroup in 2020 after previously leading flow derivatives for Europe, the Middle East and Africa at Deutsche Bank AG.

A representative for Citi declined ...