Citi Hires Top Model Contestant To Sell Equity Derivatives
While we await the release of pictures for today's caption contest, namely Merkel and Samaras hugging it out, which incidentally will be today's top news, as the Greek PM enters the lioness' den and begs for more, only to hear Merkel recite Herman Cain's tax plan, here is another picture: it is of "America’s Next Top Model" contestant and MTV anchor Kim Stolz, who was just hired away by Citigroup from BTIG to be a VP in equity-derivative sales, according to Bloomberg’s Donal Griffin. This is a welcome development: with trading volumes at levels last seen in 1998, more and more banks will resort to hiring underemployed supermodels to incite their clients to transact with them (for all the obvious and not so obvious reasons). It also means that said supermodels will soon know all there is to know about delta, gamma, vega and theta. Which naturally sets the stage for Zoolander 2 and the latest and greatest face name: step aside "Blue Steel", enter "The Schwab Baby" - a look describing what happens when that massive short gamma position suddenly blows up in your face. At least the next round of Congressional hearings, when banks scapegoat the next bailout request on supermodels selling VIX, will be somewhat more attractive. Win win for everyone.