Citibank Looks To Hire Eight New Traders To Restaff, Bolster Its FX Desk In Frankfurt

BANKS

As part of its longer term plan to centralize market making in London and Frankfurt, Citibank is looking to hire eight traders in its Frankfurt office, say bank officials. Claus Wagner, Citi's chief trader in Frankfurt, explains that most of the eight will be replacing personnel the bank has lost over the past months but a few will be new hires.

Despite the fact that it closed market making desks in several European locations last year, Citi is looking outside the bank for the staff because most

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