The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Citigroup takes a haircut as Berman squeals for charity

Charlie Berman (above), co-head of fixed income capital markets at Citigroup

Unsuspecting staff at the Citigroup Centre in London passing by the fixed-income trading floor were shocked to see their head of high-yield sales and trading, Mickey Brennan, and their head of emerging markets sales, Marc Pagano, getting their heads shaved while fellow staff members cheered on.

Among the staff stood TV pundit and former football star Gary Lineker, actresses Caprice and Tamzin Outhwaite, and a host of other media and sporting celebrities.

The depilatory spectacle must rank as one of the most expensive haircuts ever as Citigroup employees forked out a staggering £120,000 for the event. The money raised was donated to London’s Great Ormond Street Hospital for Children for the purchase of vital-signs bedside monitors for the intensive care unit.

Citigroup’s head-shaving event was in addition to a simulated securities placing game that the bank took part in along with JPMorgan and Macquarie Bank, which in total raised more than £600,000.

Although Citigroup’s employees have already donated £330,000, the bankers must be confident of their bonuses since they plan to keep on giving. More money will be raised from employees willing to pay to see someone brave enough to wear a wig created out of the shaved hair.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree