Citi ramps up CEEMEA foreign exchange trading and sales

LONDON--(BUSINESS WIRE)--Citi, the leading global foreign exchange house, has made a series of recent hires in CEEMEA foreign exchange and local markets (FXLM) in both trading and sales.

“We are very pleased to have made these hires for the Citi FXLM team as we consolidate our position in the forefront of the business and seek to better serve our investor clients”

Daniel Mitchell has joined as a CEEMEA FX options trader, and will report to Chirag Patel, head of CEEMEA and G10 FX options trading.

He comes to Citi after 11 years at Royal Bank of Scotland. From 2009 he ran jointly the CEEMEA options book, and before that led the Latam flow desk from New York for two years. Daniel’s first role at RBS was developing FX options risk management software but he moved into trading in 2005, firstly running the second generation EM options book and then first generation CEEMEA exotics.

“We are delighted to welcome Daniel on board and feel that he will play a prominent role in building the CEEMEA FX options business. The development of these instruments in the region has been impressive over the last few years, and Citi is, and will remain, at the forefront of it,” said Chirag Patel.

There has also been a series of additions to the FX sales team in Europe.

Elan Bassier has joined structured FX investor sales in Zurich from Deutsche Bank. In this role, he will focus on the sales and marketing of index and managed account products.

Johan Holmstrom recently started at Citi in covering Nordic investor sales and was previously at Barclays, while Vishal Sawhney this week joined the hedge fund sales group from RBS. Both are London-based. Elan, Johan and Vishal report to Alex Jackson, head of investor sales in Europe.

“We are very pleased to have made these hires for the Citi FXLM team as we consolidate our position in the forefront of the business and seek to better serve our investor clients,” said Alex Jackson.

Nihel Bensenane has been added to the bank sales group in London, and will assume coverage responsibility for banks, central banks and sovereign wealth funds across the MENA region. She was previously at Credit Suisse in Dubai.

“The hiring of Nihel to oversee our MENA business underscores our commitment to what continues to be a key region for us”, said Adam Margolis, head of FX Banks sales for EMEA.

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Notes to Editors

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