Shah will join Citi from Capula to run its yen book in London

After more than four years on the buy side, Dipak Shah returns to bank market-making

Japanese currency news
Yen focus: Dipak Shah joins Citi from Capula Investment Management, Europe's eighth-largest hedge fund

Dipak Shah is set to join Citi as a director and senior risk taker. He will manage the bank's yen options book and report to Chirag Patel, co-head of FX trading, sources have told FX Week.

Shah joins from Capula Investment Management, Europe's eighth-largest hedge fund, where he had been a portfolio manager since August 2012, running macro directional and volume trading in G10 and emerging market FX and rates.

Before his switch to the buy side, Shah was an executive director in Goldman Sachs'

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