GFI trims Citigroup role

Merrill Lynch has been appointed sole bookrunner on GFI Group's planned secondary share sale, leaving Citigroup, which led the interdealer broker's flotation last year alongside Merrill, with only a co-manager role.

Citigroup will serve as co-manager alongside Bank of America, Jefferies and Keefe Bruyette & Woods.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump