Steven Reiter, formerly head of short-term interest-rate options at Citibank in New York, has relocated to London as head of global foreign exchange options. Reiter replaces Jack Jeffrey, who left Citibank earlier this year to become London-based chief executive of The EBS Partnership, an electronic fx trading platform owned by a consortium of 12 banks. Also trading places is Anders Henrikson, former head of fx options at Citibank in New York, who left the bank a few weeks ago to join the corporate treasury department at Nokia in Geneva, according to Citibank fx officials. Reiter has been replaced internally as head of short-term interest-rate options by Bill Kelly in New York. Kelly and Jeffrey did not return calls.
Reiter said he has no plans to replace Henrikson. "He was the senior guy in New York, but we certainly have a deep bench and it has no impact on our ability to service our clients," Reiter said. He added: "I plan to improve our distribution and help grow the business," declining to be more specific. Reiter has worked in the derivatives arena at the company since the mid 1980s.
