Inside Citi’s FX refresh
Flavio Figueiredo reveals how the bank revitalised its options and e-trading units – and finally tackled SA-CCR
When Citi’s global head of foreign exchange, Flavio Figueiredo, took on the top role in Citi’s global FX unit in the summer of 2023, priority number one was a strategic reset for the business.
An internal review had identified gaps with peers in FX options and electronic trading, as well as with specific client segments such as hedge funds, banks and private equity firms. So, the bank came up with a four-year strategy aimed at revitalising its offering in the market in those areas in particular.
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