Citi Re-orgs Expense Group, Madura Departs

Citigroup has reorganized its market data expense management and strategic sourcing functions, resulting in some sourcing executives being absorbed by different business lines, and others—including managing director and global head of market data Don Madura—leaving the firm altogether, Inside Market Data has learned.

Sources say the firm recently eliminated “a whole layer of executive management in expense management,” leaving several executives without roles in the new structure, following a