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Madgavkar Exits Citi as Bank Relocates FXPB Business
Citi is relocating its FX prime brokerage business from the global FX franchise to sit within its prime services business. As part of the changes, Profit & Loss understands that Citi veteran and global head of FXPB Sanjay Madgavkar will leave the firm and that Chris Perkins, head of the bank’s clearing business will take over. Madgavkar has been with Citi for more than 20 years, starting in FX sales before moving into the e-FX business in 2001 – from 2005 he was North American head of FX and fixed income e-commerce.

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