Citi, the perennially top- ranked senior manager, has over the last several weeks fired or asked to leave about 20 employees in the public finance department, including nine bankers, in a move to pare down the firm’s labor force.

Market sources say the firm had over the last few weeks let go Omar Daghastani, a banker based in Chicago, while separate sources said Todd Spence, Jeffrey Cepler, and Mark Chiang had also left the firm. At least two bankers based in the West region, including Michael Gomez, are also gone from the firm. Daghastani had joined the firm from UBS Securities LLC last year.

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