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Herrmann, who was the co-head of global equity
finance at UBS, will join the Wall Street bank in June and
initially be based in London, according to an internal memo seen
by Reuters.
A Citi spokeswoman confirmed the contents of the memo.
He will report to Okan Pekin, Citi's global head of investor
services, and relocate to New York by the end of the year.
Prime finance units provide services such as lending money and
settling trades for hedge funds.
(Reporting by Nishant Kumar, editing by Sinead Cruise)
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