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Report: Citi appoints head of US high-yield trading

appointed FarazNaseer head of U.S. high-yield trading, Reuters reported May 10, citing sources.

Sourcesalso said that Fran Sutter and Michael Schechter were appointed co-heads ofU.S. loan trading.

The movesfollow James Nessel's departure in 2016. Nessel was head of U.S. high-yieldtrading. Reuters sought but did not get a comment from a Citispokesperson.