Spiros Skordos, one of the Citigroup traders involved in the "Dr Evil" trades in 2004 that led to the US bank being fined more than $25m (€20m), has joined a hedge fund.

Previously co-head of Citigroup's European government bond trading desk when it executed the trades on the MTS trading platform, Skordos has joined Peloton Partners, which was set up by Ron Beller, a former Goldman Sachs banker and victim of thief Joyti De-Laurey.