Citi poaches Coyne to build up FXPB
Coyne, who ran Deutsche Bank's successful FX prime brokerage business, was due to join BarCap to run e-commerce for Europe, but started at the US bank last Thursday. As global head of FX prime brokerage at Citigroup, Coyne effectively takes on a newly created position with the mandate to develop and expand the bank's existing FX prime brokerage business.
Previously, the business was run as part of fixed-income prime brokerage. However, the demand for FX services from clients, including those
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