Citigroup has appointed a new head of European equity syndicate to replace Darrell Uden, who has been given a new roving role on the equities trading floor aimed at strengthening links between the syndicate team and the bank's equities sales force, traders and fund management clients.

Stephen Morris, a member of the bank's syndicate team for over seven years, will take over from Uden on June 2. Uden has been running Citigroup's European equity syndicate desk in London since 2002.