Citi hires Deutsche quants

He will join his former deputy at Deutsche, Andrew Jacobs, who resigned from the German bank on July 31 and will join Citi as a quantitative strategist in September.

Filling out

Stephen Reiter, global head of FX options at Citi in London, said: "We're filling out the team to give us the best possible suite of products to offer our customers. Exotic options are a key part of our business and key to our leadership in FX options."

McGhee and Jacobs, who together ran the quantitative analysis uni