Citi merges FX and rates units

By GlobalCapital
18 Jun 2019

Citi will integrate its foreign exchange and local markets operations with its G10 rates unit, to form a single rates and currencies business.

The restructuring comes just weeks after Paco Ybarra took up the reins as chief executive of Citi’s Institutional Clients Group, which comprises banking, capital markets and advisory, markets and securities services, treasury and trade solutions as well as the Citi Private Bank.

Ybarra hopes to improve both ...

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