Options specialists on the move
Citigroup in London recently hired two FX options specialists from rival firm Deutsche Bank (FX Week, August 11). William McGhee, head of forex product development, is due to start next month, and his former deputy at Deutsche, Andrew Jacobs, will join Citi as a quantitative strategist this month. Stephen Reiter, global head of FX options at Citi in London, said exotic options are a key part of Citi’s business.
Deutsche wants to replace McGhee and Jacobs, who together ran the quantitative
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