Citigroup, Inc (NYSE: C) Hires Municipal Bond Strategist

Citigroup, Inc (NYSE: C) has hired municipal bond strategist George Friedlander as the bank’s senior U.S. municipal securities strategist.

Friedlander, age 62, was dismissed by Morgan Stanley Smith Barney during the month of May and will work in Citigroup, Inc (NYSE: C)’s investment research and analysis group. He will be firm’s senior U.S. municipal securities strategist according to an internal memo obtained by the press and will report to Matt King, Citigroup’s global head of credit strategy.

He was named to Institutional Investor’s “All-American Research Team” for 14 years and graduated from the State University of New York at Stony Brook with a bachelor’s degree in mathematics. He received an MBA from Pace University in New York.

“We are delighted that he has now decided to re-join Citi and build a full-service municipal securities strategy unit,” Citigroup executives Richard Pagan and Howard Marsh wrote. “From this position he will be able to serve both U.S. retail and global institutional clients, as the asset class itself attracts a more global investor base.”

Friedlander joined Smith Barney in 1975 and was among 200 employees let go at the end of May when Morgan Stanley Smith Barney integrated the two formerly separate firms.

Shares of Citigroup, Inc (NYSE: C) traded up 0.01 on Tuesday hitting $3.99.