Ebrahim Rahbari has internally moved to join Citi’s FXLM business as global head of FX analysis and content and has also been named as the bank’s chief G10 currency strategist.
According to an internal memo seen by Profit & Loss, Rahbari will report into Itay Tuchman, global head of FX at Citi, and will also join the FX trading management team. He will be based in New York
In his new role, Rahbari will be responsible for developing and implementing Citi’s strategy to provide FX analysis and other content across G10 FX strategy, FX Wire/trader content, trade ideas, technical analysis, and any other forms of FX-related product.
In addition to shaping Citi’s views on G10 currencies, the memo says that a key part of Rahbari’s mandate will be to support, aggregate and leverage the distributed insights and expertise that are generated throughout the bank’s entire FXLM platform, including from its G10 spot, e-trading, STIRT and FX options teams.
Additionally, Rahbari will focus on using and building out Citi’s proprietary data sets, external data and partnerships for Citi in order to provide quantitative, data-driven FX and macro insights.
Finally, Rahbari’s mandate also includes to deepen the partnership between the FXLM business and Citi Research, other internal premium content producers and with external partners in order to help position Citi as a thought leader in the FX industry and in the FX dialogue with policymakers, experts, industry peers and society at large.
“Ebrahim’s hire reinforces our ambition to be the globally leading house for thought leadership, analysis and content in foreign exchange markets,” says Tuchman in the memo.
He later adds: “Ebrahim has worked closely with many of us in the FXLM business over the past few years and we are delighted that he is joining the FXLM team as we grow and invest in our already strong offering.”
Rahbari will take over from Tom Fitzpatrick who has been leading these teams in an interim capacity. Fitzpatrick will continue to oversee the CitiFX technicals team and report to Rahbari.
Aerin Williams will continue to oversee the Wire product and also report to Rahbari, alongside the existing G10 FX strategy team in New York, London and Tokyo.
“We thank Tom for his efforts over the past 18 months as he has worked to rebuild and improve our content offering and he remains an invaluable partner in continuing to shape our views, content, brand and offering,” says Tuchman in the memo.
Ebrahim joined Citi in 2010 and has held senior economics roles within Citi Research in New York and London, most recently as head of global macroeconomics.