Andrew Hall, the star trader behind Phibro, the energy trading arm of beleaguered bank Citigroup, is pushing for a “quiet divorce” from his parent company and has had preliminary talks with one possible suitor, reports the NYT. Phibro has been in the spotlight after the White House criticised a reported $100m pay plan for Hall as “out of whack.” Hall, known for huge long-term bets in the oil market, has urged Citi to honour the 2009 pay package. The secretive Phibro unit sometimes provide the bulk of revenues for its parent company.

This entry was posted by Gwen Robinson on Monday, August 3rd, 2009 at 4:55 and is filed under Capital markets, Commodities, M&A, People. Tagged with citi, Phibro. Edit this entry.