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And Finally…In Memoriam

Sad news reached me over the weekend that Rita Saverino, known to many of us from her work in trading and e-commerce at Citi and Deutsche Bank, passed away last week.

I had the pleasure of meeting and speaking with Rita many times, I first met her in the early 1990s during a business trip to New York in my trading days. In later years she often spoke at Profit & Loss events, notably in the mid-2000s when the e-FX business was really taking off. She was warm, friendly, knowledgeable and professional and, thankfully, always happy to explain the nuances of new developments to someone who was still relatively new to the journalism game (and the ‘e’ in e-FX!).

Rita worked for 12 years at Citi on the trading desk, leaving the bank in 1994 as chief dealer to head with a team of colleagues to Deutsche Bank. Starting her time at Deutsche running the FX desk in New York, Rita moved to the e-commerce team at the bank and worked as a key member of its global liquidity solutions group. Latterly she was co-head of the bank’s FX4Cash solution.

Rita was diagnosed with a serious illness almost four years ago and has battled hard against it ever since, including a major operation. Sadly, she lost her battle last week.

On behalf of all who knew her at Profit & Loss I send my condolences to her family, friends and colleagues. Vale Rita.

Colin Lambert

Profit & Loss

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