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Citi's head of equities Derek Bandeen to retire: memo
[NEW YORK] Citigroup Inc's head of equities, Derek Bandeen, is retiring, according to a memo reviewed by Reuters.
Mr Bandeen joined Citi as head of equity trading in 2008 from Morgan Stanley.
He will remain with the bank until it finds a replacement, according to the memo written by Paco Ybarra, Citi's head of markets and securities services.
The news was reported earlier by the Wall Street Journal.