Citi
StanChart looks to eclipse rivals in OTC derivatives
New 'Eclipse' business under Andrew Sterry and Luke Brereton will focus on execution, clearing, liquidity and portfolio services in over-the-counter derivatives
FX Week Forum: Citi tops Best Banks survey
Joel Clark interviews Anil Prasad, Citi's global head of foreign exchange and local markets, after Citi was voted top in FX Week's annual market survey
A call to responsibility in foreign exchange
As Citi tops this year's Best Banks survey and the FX industry struggles with reputational issues, the bank should be commended for its philanthropic initiative, E for Education
Best Banks 2013: Citi reclaims top place from Deutsche
US bank has returned to top position in foreign exchange, having been voted best bank overall for FX dealing in the 2013 Best Banks survey
Citi investment in FX pays off as it regains top position
After four years in second or third place, Citi has returned to first place in this year's Best Banks survey as a result of its focus and investment in foreign exchange
Citi’s institutional FX sales head in internal move
Okan Pekin will lead the newly formed investors services group at Citi, reporting to Neeraj Sahai and Paco Ybarra
US pension fund sues seven dealers over FX benchmark rigging
Massachusetts-based pension fund Haverhill Retirement System is suing seven FX dealers for manipulation of the WM/Reuters benchmark rates
FX benchmark probe gathers pace as chief dealers placed on leave
Senior spot traders at JP Morgan, Citi and Standard Chartered have all been placed on leave, while Barclays, Deutsche Bank and UBS confirm they are conducting internal reviews in connection with alleged manipulation of FX benchmarks
BNP Paribas hires e-FX sales head for Asia-Pacific
Ex-Citi product manager Ashvin Parkash is the third senior hire made by BNP Paribas in recent weeks
US government shutdown impacts on dollar expectations
The timetable for tapering of quantitative easing and the performance of the US dollar could both be impacted if the shutdown continues, say strategists
Citi to donate a dollar per million of platform volume to charity
E for Education initiative will see a proportion of revenue from Velocity in the fourth quarter handed over to six charities globally
Political risk biggest challenge for Mena investors
Unable to predict the outcome of current turmoil in Syria and Egypt, investors have mixed outlooks for the Mena region over the coming months
Mako FX hires Simon Jones to drive platform growth
Citi's former e-FX trading chief has joined spot platform Mako FX as managing partner, with a mandate to focus on innovation and volume growth
Host Capital taps Citi index for retail-focussed currency fund
New UK-regulated fund will invest in Citi's Carry & Value index to provide exposure to G-10 and emerging market currencies
Corporates reluctant to add single-dealer platform connections
New electronic execution platforms for corporate clients face a challenge to win new business, with many firms preferring to minimise the single-dealer platforms they connect with
FX structurers see mixed demand for cross-asset hedges
Increased hedging costs in rates and credit has led some investors towards FX structured products, but some remain concerned that correlation may not hold up
Citi appoints new OTC clearing head for Emea
In-house lawyer to step into role vacated by Andrew Sterry
Dion hires strategic alliances head in Europe
New hires at Dion Global Solutions, Citi, UBS and TradeStation Prime Services
Lloyds restructures sales into cross-asset-class teams
Matthew Lawrence and Adam Barrett now head up two cross-asset sales teams, while Anders Henrikson is head of FX product
UBS hires FX quant head from State Street
Ciara O'Brien joins UBS to head electronic foreign exchange quantitative trading analytics
Rupee sell-off continues, despite repeated RBI efforts
Efforts by the Reserve Bank of India to stabilise the currency's depreciation have failed, as the rupee falls to a record low
UBS FX quant head moves to Citi
Mark Meredith departs UBS to co-head Citi's Autotrader platform in London
Future of e-FX will be cross-product, says Citi’s Bibbey
Richard Bibbey, Citi's new head of e-FX trading, believes the landscape is changing and successful banks will be those that can leverage technology across products and asset classes
ACT hires two from Citi to run platform for high-net-worth clients
Patrick Haberstock and Thomas Walcher have joined ACT Currency Partner in Zurich to get a new platform off the ground