Citibank Names New FX Managers For Trading And Sales In New York

BANKS

Citibank has named New York chief dealer James Kemp as the new foreign exchange manager in New York, replacing David Buchen who has moved into risk management as the market risk manager for North America. The bank also named Lars Olesen as the new head of forex sales in New York, replacing Michael Sbabo who previously announced a leave of absence.

Buchen's move, according to an official, is characteristic for Citibank.

"What we typically do in risk management is move people off the line into