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Citigroup’s (NYSE:C) foreign exchange (FX) unit is in a state of flux, after its Head of Spot FX Trading Richard Bibbey has reportedly resigned with immediate effect, according to recent Reuters report.
Mr. Bibbey originally stepped into the position at Citigroup back in March 2014 when he was elevated to the newly created role of Head of Spot FX Trading. The promotion at the time came on the heels of the lender’s bid to help consolidate and streamline its voice and electronic trading of currencies.
During his tenure at Citigroup, Mr. Bibbey was responsible for several segments of its electronic trading capabilities. Prior ... (read more)