James Bindler to Succeed Jeff Feig
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Earlier this week, it was announced that former Global Head of FX, Jeff Feig, would be departing Citigroup to assume the role of Co-Chief Investment Officer at Fortress Investment Group LLC (FIG). With the apparent vacancy from Feig, Citigroup has already named his successor, opting for James Bindler. Mr. Bindler has previously served at Citi starting in 1990, before subsequently leaving in 1997 – he later returned to the group in 2000.
According to an internal memo from Citigroup, Mr. Bindler will be in charge of Forex trading, prime brokerage and corporate FX sales, among various other tasks. Citigroup has been one of key banking players under relentless scrutiny amid ongoing allegations over currency fixing and manipulation that has led to a string of firings and suspensions worldwide.