Citi Taps Midland's Mahoney To Head N.Y. FX Prize Job Goes To Outsider, Once An Insider

BANKS

According to David Young, a division executive at Citibank N.A., the bank has hired Richard Mahoney, formerly a managing director of foreign exchange at Midland Bank PLC, to succeed Mark Rosasco as head of its foreign exchange division in New York.

"We are looking forward to welcoming Rich back to Citibank...clearly, he brings an in-depth understanding of the foreign exchange markets to lead our activities here," says Young.

As a result of Mark Rosasco's impending move to Japan where he will