Alex Knight is leaving his position as a director and global head of sales and client coverage for FX prime brokerage (FXPB) at Citi.
Knight had been with Citi for 18 years, having previously worked for the bank in Sydney and Singapore, was most recently based in London. Prior to joining Citi, Knight worked as a sales director at SS&C Technologies.
Although a spokesperson for Citi declines to comment on Knight’s departure, Profit & Loss understands that it is the result of a broader re-organisation within the bank, which has seen the sales team for its Prime, Futures and Securities Services (PFSS) business become more closely aligned with the Equity Markets business and its global products.
Profit & Loss previously reported that FXPB was moved from being part of FXLM to part of PFSS as Citi looked to integrate all of its prime financiing businesses in one place. As part of this change Christopher Perkins assumed responsibility for the bank’s FXPB business in addition to his existing role as head of the OTC clearing business, while Sanjay Madgavkar, who had previously been head of FXPB at Citi, left the bank.