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Paras Shah Wiki – Bio
Paras Shah who is likely to have been earning a seven-figure salary, was removed as Citigroup’s head of high-yield bond trading for Europe, the Middle East and Africa last month.
According to the Financial Times reported, The bank suspended him following numerous allegations that he had been stealing food from its headquarters at Canary Wharf in east London.
Junk-bond trader Paras Shah, allegedly took food repeatedly from office cafeteria without paying. https://t.co/UPwcwqZZyV
— WSJ Markets (@WSJmarkets) February 4, 2020
Paras Shah Age
He is 31 years old.
Paras Shah Suspended
Mr Shah was earlier reported to have left the bank this month. Reuters said that he had left after a tough year. It comes just over two years since he joined the bank from HSBC. He was promoted to head of Europe, Middle East and Africa high yield credit trading after only two months, according to a LinkedIn profile.
The average salary for a credit trader is £183,740, according to employee review website Glass door. However, because of Mr Shah’s senior position at Citi, he is likely to be on a far higher salary.
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Mr Shah did not respond when the PA news agency contacted him on LinkedIn. Citigroup declined to comment. One banking source told PA a similar position at other banks could command a salary of more than £1 million a year. Educated in economics the University of Bath, Mr Shah’s job involved trading junk bonds – risky company debt – from London.
He first joined HSBC in 2009, first as a summer analyst while he was still at university, according to his LinkedIn profile. In 2014 Jonathan Burrows, a managing director at Black Rock Asset Management Investor Services, was banned from taking senior roles in the British financial sector after he was found to have repeatedly skipped paying for his train ride.
Investigation Report
He settled the case for £43,000, after investigators found that he had failed to pay full price for tickets from his home in East Sussex for several years. It earned him the title of the ‘biggest fare dodger in history’ in the press.