Citicorp has hired Claudio Phillips, a former NationsBank Corp. managing director, to head emerging-markets loan trading and establish a Mexican trading desk in New York.

Citi expects to be the first banking company to open a desk dedicated to trading distressed, near-par, and par syndicated loans of Mexican corporate borrowers.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.