Tag: Citi


Perkins, Wilson, to Lead Citi Clearing and PB Unit

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 […]

Baton Teams-Up with Citi on Cleared Derivatives 

Baton Systems, which provides post-trade solutions for capital markets, has teamed-up with Citi to help build its treasury function for cleared derivatives. Baton’s platform will aggregate data from Citi’s banks and custodians and track collateral collected from its clients all the way through to CCPs. In addition, Baton will enable real-time visibility of excess/deficit calculations, […]

CFTC Fines Citi for Deleted Voice Recordings

The US Commodity Futures Trading Commission (CFTC) has fined three Citi affiliates $4.5 million for failing to diligently supervise their audio preservation system, which led to the deletion of almost 2.8 million audio recordings, some of which were subject to a CFTC subpoena. In an Order filing and settling the charges, CFTC says in spite […]

Citi, Deutsche Bank and Deutsche Borse Invest in CloudMargin

CloudMargin, a provider of a collateral and margin management solution native to the cloud, has announced that it has closed on its largest funding round to date, bringing in $15 million in a Series B capital raise. Primary investors were Deutsche Börse, and current CloudMargin clients Deutsche Bank and Citi. “We’re delighted to enjoy the […]

Gill Exits Barclays?

Market sources tell Profit & Loss that Singapore-based Pritpal Gill, head of FX cash and options trading for Barclays in Asia-Pacific, has left the bank. Gill joined Barclays at the start of 2019 as part of a build out of the bank’s FX business, following the hire of Fabio Mudar as global head of FX […]

Citi, JPM, State Street Make Strategic Investment in Capitolis

Capitolis, an SaaS platform that provides financial resource optimisation for capital markets, today announces the completion of a strategic investment from Citi, JP Morgan and State Street. The transaction represents a collaborative effort by the three leading global financial institutions to drive further adoption of Capitolis’ proprietary technology platform, which helps financial institutions free up […]

In the FICC of It

The podcast has a nice positive vibe to it this week as Colin Lambert is joined by Ayesa Latif, head of EMEA e-commerce FX sales at Citi to discuss the eighth annual “e-for-education” campaign by the bank, which kicks off this week. Latif explains how the campaign works, what channels are likely to generate the […]

Sood Joins JB Drax Honore

Profit & Loss understands that Dominic Sood has joined JB Drax Honore as a director and senior salesperson in the FX team. He will be based in London and reports to Ben Shooter, global head of FX at the firm, which was established in 2004 by bond traders Jonathan Glassberg and Benn Shepherd. Sood joins […]

Patel Swaps Citi for HSBC

Profit & Loss understands that Chirag Patel has joined HSBC in London as a managing director in its FX trading business. He joins from Citi where he was most recently head of FX spot trading having taken that role after a sabbatical from his role as head of FX options trading. Patel worked for Citi […]

Special “Decade” Award – Best Corporate Platform – Citi

No report card required here, for we are describing is a remarkable achievement, one that has been accomplished only once before in the last nine years of these awards, a decade at the top of the tree and one of our gold plaques. It has to be said that in 2011 when we gave the […]

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