Citi reshuffles FX management
Move intends to foster greater alignment of trading across the bank’s major product lines
Citi is reorganising the management of its global foreign exchange business to align trading activities across its global product lines, according to a September 13 internal memo.
The move is intended to better position Citi’s FX trading and institutional sales business under the merged rates and currencies business.
The bank combined the two lines in June to improve client service, risk management and profitability, because of their shared corporate sales, structuring and technology stack.
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