Citibank Restructures Senior Management With New Foreign Exchange Committee

BANKS

Citibank has restructured the upper echelons of its global foreign exchange operation following the recent departure of its North American forex head, Michael deSa (FX Week, April 25). In some ways, the world's largest FX trading bank appears to be backing away from its decision earlier this year to truly globalise its foreign exchange activities under a single head, sources say, although officials downplay such assertions.

London treasurer Julian Simmonds, who in February was appointed

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