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Citi CEO Seeks to Halt Equities Slump; Hires ex-'Top Model' Contender

August 27, 2012
[ by Melanie Gretchen ] Rumor: Goldman Reportedly Unconcerned, Plans on Hiring Winning Model Citigroup, the 3rd-biggest U.S. bank by assets, knows no limits when it comes to bulking up its equities business, which has experienced a 40% drop in revenue in the 12 months ended 6/30 from the previous year.  After poaching equity-derivatives executives from Citadel LLC, Jefferies Group, and Deutsche Bank AG, the bank has hired a former “America’s Next Top Model” contestant Kimberley Stolz for a job in equity- derivative sales, said two people familiar with the matter. Ms. Stolz, 29, isn't new to the financial industry.  She leaves brokerage BTIG to join Citigroup, according to the people, who requested anonymity because the move isn’t public. In her new firm, Ms. Stolz will assume the role of a vice president, reporting to David Silber, head of flow equity-derivative sales, the people said. Prior to joining New York-based BTIG in 2010, where she worked in equity derivatives, according to her LinkedIn page, Ms. Stolz worked at MTV from June 2006 through June 2010, FINRA records show.  In 2005, she was a contestant on the fifth cycle of “Top Model" in 2005, according to the Internet Movie Database.  Before she graduated in 2005 from Wesleyan University with a bachelor’s degree in government and international politics, she interned at Goldman Sachs Group Inc. in 2004, according to FINRA records and her LinkedIn page. Talk about a 2-track career (until now). For further details, go to [Bloomberg, 8/24/12].