Citi has strengthened its FX options business with the hire of Martyn Harrison, who joins the EUR options trading team as a director based in London. He reports to Nigel Khakoo, head of G10 foreign exchange options.
Harrison has spent the last eight years at The Royal Bank of Scotland, most recently running the EUR vanilla book.
"[Harrison] adds further diversity to the FX options trading team where we have deliberately hired from a range of institutions over the course of this year, adding expertise across both vanillas and exotics," a Citi spokesperson says.
The other hires include Patrick Green, who joined as vice president to trade JPY in London. Green joined Citi earlier this month from Merrill Lynch where he worked for four years, most recently running the JPY book in London time, trading both exotic and vanilla options.
In March, Citi hired Charlie Cernosia and Nathan Swami as directors in the JPY options trading team. Cernosia was previously a senior FX options trader at Lehman Brothers in New York and before that was at Deutsche Bank as a currency options trader. Swami spent his career at Lehman Brothers culminating in the role of senior trader for both exotic and vanilla currency options books in Singapore. Citi says his technical proficiency will help the bank to further develop its own exotics platform both for price making and risk taking.
Also in March Citi hired Neil Boston as director and chief technical architect of the options technology team, responsible for the next generation of systems for pricing and risk managing options. Boston reports directly to Eric Hirschhorn, global head of technology and is part of the global senior technology management team in FX. He joined from Merrill Lynch, where he was head of FX technology.