Forwards head leaves Citi

De Lorenzo, whose last position was head of Citi’s short-term interest rates trading business, had worked at the bank for about 11 years, having joined in 1993.

He is expected to emerge at Bank of America (BoA) in New York as global head of FX forwards trading, although a spokesperson for that bank in New York declined to comment.

A senior FX official at Citigroup in New York said the bank had not yet decided who would replace him.

Meanwhile, Tony Barca joined BoA in New York last Monday (May