Citi to merge currencies and rates divisions

Author: Adam Button | Category: News

Some FX industry news

An internal Citigroup memo announced the interest rate and foreign exchange divisions will merge, according to the FT.

Current head of foreign exchange and local markets Nadir Mahmud will move to a new role in EMEA strategy.

"We believe this more streamlined operating model will drive better client service, risk management and profitability," the memo said.

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