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Citigroup Names 34-Year Bank Veteran Figueiredo to Run FX Trading
Citigroup Inc. named Flavio Figueiredo global head of foreign-exchange trading, making him the third leader in 16 months for one of the bank’s biggest businesses by revenue. Figueiredo, 58, was most recently head of corporate sales and solutions, and will continue to support that division while the bank looks for his replacement, according to a memo to staff Tuesday. The 34-year Citigroup veteran takes over a currency-trading business that has snagged the No. 1 market-share ranking from Coalition Greenwich for 10 straight years. The business benefits from the bank’s deep relationships with some of the world’s ... (full story)