Citi swipes JP Morgan trader

Karl Purdy is the latest trader to leave JP Morgan for Citi, joining the firm as an equity trader.

Based in Paris, he specialises in high-touch trading.

Equity markets contributed a reported US$1.6 billion to Citi’s total markets revenue of US$5.9 billion in Q2 2025. This marked a 6% year-on-year increase.

READ MORE: Derivatives, prime brokerage shines in US banks’ Q2 equity results

Since last October, Anand Goyal, Hooi Wan Ng and Andrew Bruce have swapped JP Morgan for Citi across APAC as the firm seeks to build out its presence in the region.

READ MORE: Citi bumps up Australia and New Zealand markets team

Purdy has been an equity trader at JP Morgan in London since 1999.

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