Sources familiar with the matter tell Profit & Loss that Chris Perkins, head of Citi’s FX prime brokerage and OTC clearing business, and Sabrina Wilson, head of futures, OTC clearing and prime brokerage division in Europe, have been named co-heads of the bank’s futures, OTC clearing and prime brokerage business under the banner FCX.
Perkins has been leading Citi’s transition of the FX prime brokerage business as it exited the global FX franchise following reported heavy losses by an Asian-based client in 2018. He joined Citi in October 2008 having been US head of derivatives intermediation at Lehman Brothers before than bank’s collapse in September 2008.
Wilson, meanwhile, joined Citi in late 2017 from Deutsche Bank, where she was head of listed derivatives and markets clearing for EMEA.
The two, who will report to Okan Pekin, global head of prime, futures, and securities services at Citi, are taking on the role following the departure of long time head Jerome Kemp last month. Kemp stepped down after an almost 10 year career with Citi, latterly as head of the FCX business, having joined the bank from US rival JP Morgan where he culminated a 17-year career as global co-head of futures and options and OTC clearing.