Citigroup names Prasad global head of forex and local markets

Prasad takes on the newly created role as part of a realignment of the bank's G10 and local markets business under the new Fixed Income Currencies and Commodities (FICC) structure introduced last November.

The FICC division brings together Citigroup's G10 business with Citibank's legacy emerging markets sales and trading businesses (FX Week, November 27, 2006). Until then, the emerging markets business had been run separately since its merger in 1998.

Prasad's posting creates a new