Banamex consolidates City treasury trading operations


LONDON -- Just three dealers remain at the London treasury centre at Banco Nacional de Mexico (Banamex), following its integration into Citibank Mexico on November 5.

John Cashman, former senior dealer at Banamex in London, has taken on the role of head of treasury following the departure of former head of treasury, Juan Pereira. One other FX dealer also left the bank’s treasury division late last year.

Citibank Mexico, part of Citigroup, is likely to implement further cutbacks, and all

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