Citi committed to being PB leader
Global head of prime brokerage tells FX Focus
Citi is committed to being a leading provider in the foreign exchange prime brokerage (PB) business, and it plans to continue to invest in technology and people despite its recent retrenchment from smaller clients, says its global head of FXPB.
The comments from Sanjay Madgavkar come after Citi, one of the biggest PB banks in FX, raised its minimum balance sheet requirement for clients to $25 million, from around $5 million, and hiked fees on FXPB services by about a quarter.
"Over the last few
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