The high yield and distressed trading leaders have departed Citigroup, according to a report.
High yield trading head Chris Yanney and distressed debt trading leader Rohit Bansal have left the bank, according to a Bloombergreport.
Investment-grade bond trading leader Scott Balkan has taken over distressed debt trading and loan trading head James Nessel has taken over high yield trading.
A Citigroup spokesman declined to comment.
The exits come as Citigroup is paring down its operation and cutting 4,500 jobs.