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In fact, Citigroup reported gains across its emerging markets business, especially in its securities business.
"There used to be no capital markets business there," Mr. Quintella said.
The firm said that the new business would be separate from its existing capital markets business.
His early research was prolific, spanning public finance, capital markets, business cycles and labour markets.
Record bond issuance powered a 31 percent revenue jump in HSBC's capital markets business.
"It's computer against computer," says Paco Ybarra, the global head of Citi's markets business.
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It did not have a big capital-markets business to blow it up.
HVB, which does capital-markets business for the wider UniCredit group, might have a problem, too.
ABN Amro's sprawling global-markets business, including some equities, could give him exactly that opportunity.
Last year, he was given the newly created post running the bank's emerging-markets business across the globe.
It said the report was delayed because documents relating to its emerging-markets business appeared to be missing.
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