Citigroup is officially in the market for a new Forex Chief, given the major void left by outgoing Global Head of G10 Forex Trading, Jeff Feig, earlier today. Yet another departure of a high-ranking executive in an industry immersed in allegations of scandal and cross-regional manipulation.
Indeed, it has been relatively quiet on the banking front recently, following a tumultuous period of tension and allegations rising out of the ranks of leading global banking institutions. It is important to note however, that there is no mention of Mr. Feig’s parting of ways with Citigroup being related to an ongoing investigation into Forex market fixing.
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Next Man Up
The same cannot be said for many other individuals who have been suspended or fired for their alleged role in the scandal, in which a global cascade of regulators is presently delving into. “Meet The Experts” reporters reached out to Citigroup who were unavailable for comment on the matter.
According to a Citigroup spokesman in a recent statement to Reuters regarding the newly-formed vacancy, “Given his tenure in his role, his departure was well-anticipated, and part of the natural cycle of the business. We have a strong, talented bench that continues to support this core business.”