Citi's Latin America Corporate Credit Desk Suffers Latest Departures Amid Market Turmoil

Citigroup's two remaining traders on its Latin America corporate credit desk in New York have left the bank. Georges Fernandes and Billy Cook have departed, with Cook joining Fortress Investment Group last month. Citi remains committed to the business and is hiring for the desk, with interim coverage in place. The departures follow another shakeup at the desk two years ago. Latin America corporate dollar bonds have returned 7.25% this year, trailing Europe but beating Asia.