Wednesday, July 21, 2010

Citigroup (NYSE:C) Hires Rob Biro from Goldman (NYSE:GS) for Global Oil Trading Unit

Citing two unnamed people with knowledge of the situation, Bloomberg said Citigroup (NYSE:C) has hired Rob Biro away from Goldman Sachs (NYSE:GS) to head up their global oil trading unit based in Singapore.

Biro had been vice-president for middle distillates for Goldman's J. Aron & Co. unit in Singapore.

Growing demand for energy products in Asia has financial institutions bulking up on traders in the sector to meet the increasing interest of investors.

Singapore is a big player in the Asian trading market, and has been offering companies incentives and tax breaks to increase their trading desks in the country.

No comments: