Michael Masone
Director, Head of North America Market Structure (NAM Markets Division), Citigroup Global Markets Inc.
Michael is a Director and the Head of North America Market Structure for Citi’s NAM Markets Division. Prior to assuming this expanded role in early 2021, Michael had been focused specifically on Market Structure issues in the Equities and Listed Options markets, but has increasingly assumed responsibility for cross-asset Market Structure strategy and advocacy as well.
From 2005-17, Michael was a corporate lawyer advising Citi’s Americas Equities Sales & Trading business, acting as co-head of Legal coverage since 2008. During that time, he advised several institutional equities sales & trading businesses on a variety of legal, regulatory and technology issues, with a particular focus on Equity Market Structure. His move from Legal into the business has allowed Michael to devote even more of his time to implementing Citi’s Market Structure and liquidity strategy across NAM Markets.
Michael currently represents Citi on the Board of the Members Exchange (MEMX Holdings), and numerous other industry committees and working groups (including SIFMA, MFA, ICI, STA, FIF) addressing policy and regulatory issues. Michael was the Chair of SIFMA’s Equity Markets & Trading Committee from 2017-20, having served as Vice Chair from 2015-16. He frequently meets with Commissioners and Staff of the U.S. Securities and Exchange Commission, Members and Staff of the U.S. Congress, FINRA and the exchanges, as well as clients of the firm.
Career Path:
Michael holds a J.D. from the Georgetown University Law Center and a B.A., cum laude, from the University of Notre Dame. He is a member of the Bar in both New York and New Jersey.
Before going to law school, Michael served as a volunteer high school teacher in Baton Rouge, a financial journalist for Bloomberg, and a paralegal with Cleary Gottlieb Steen & Hamilton LLP. Following law school, he spent five years as an associate in the Corporate Department of Orrick Herrington & Sutcliffe LLP in New York. There his practice focused on venture capital, M&A and outsourcing engagements. Michael then joined Citi in 2005. He also helped coordinate Citi’s in-house pro bono efforts for several years before joining the business in 2017.