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Taylor leaves Citi

Richard Taylor, head of European equity research at Citigroup, is expected to join Jefferies & Co as head of European equity research. The global securities company hired Taylor away from Citigroup as top banks fight it out to hire the world’s best stock analysts. Taylor, said that while volatility remained low and the trading range compressed, investors had little incentive to trade. “That means there is still a dogfight to get commissions and, unless you can put together quality research, quality trading, quality sales, it is hard,” he added.