Citi reshuffles its prime brokerage business 19 December 2018New York Reporter: Maddie Saghir
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Citi has reshuffled its prime brokerage business and will move its foreign exchange prime brokerage business under the same umbrella as its prime finance and securities services business
Citi has reshuffled its prime brokerage business and will move its foreign exchange prime brokerage business (FXPB) under the same umbrella as its prime finance and securities services business (PFSS).
According to Citi, this will position them to “unlock synergies” across all markets products and ensure clients are supported seamlessly for their important financing, operational and transactional needs.
As part of this re-alignment, Chris Perkins will lead FXPB alongside his current role in running their over-the-counter clearing business.
In his expanded role, Perkins will continue to report to Jerome Kemp, and FXPB will be part of the global FCC product organisation.
The firm explained that combining both teams in clearing and prime services will allow a focus on ongoing changes in market structure and ensure that clients are supported through this evolution.
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